GXY 0.00% $5.28 galaxy resources limited

Like many have posted, it's perplexing to understand the value....

  1. 595 Posts.
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    Like many have posted, it's perplexing to understand the value.
    All of gxy is now valued at less than the sale of the northern tenements, including the cash received for that sale. That tenement was unmeasured and unknown to many. On top of that the value is less than 2 years of sales.
    Could it be
    1. The short sellers don't read. They continue to trade/ manipulate because asx/ asic allow them.
    2. Foreign entities pushing out small holders for control of the company.
    3. The company did a write down, claiming a 170m loss, when infact it added 176.3m cash to the books. The search engines have gxy making loss more than its peers.
    4. Short sellers cannot close, they want to destroy the market value in order to get institutions to sell come balancing.
    5. The seller and buyers are the same. The short sellers are covered but not close. Pure manipulation by a foreign entity to attack shareholders and management. The banks are paid by the same entity.
    6. Converters are under govt instructions not to produce to bring contract prices down, chinese battery makers take all the profit margins from miners and auto makers. They control any distress miners through debts and board seats.
    The company is cash flow positive, lower cost of production than peers, tier1 chain. Cash equal to more than 10 years of 10m usd/year profit. Being valued less than an explorer.
    Take tesla, 97k units one qrt= downgrade.
    Nio, 7.5k units, loss cash= 150% upgrade.china way of taking cash from exchanges.
    Ford, GM units down yoy= buy.
    Wall street short,unqualify journalists reports control mass thinking. WT..wow. A dumb down society.
    Oil rig counts falling, oil sales falling but demand is rising, what???
    Going forward Chinese new carsales must be emissions 6 standard, only hybrids and EVs can meet this. Subsidy is less than number plate cost.
    Mine to battery is 12 months, evs cannot be switched on, mine to evs is 18months. World bg lithium haven't increased at pace of consumption. Oz haven't produced anything in 2019.
    Svd plans may have changed. Chemicals will be processed in china/ Japan instead of at site Argentina as per SH. Customer to process mtC and SDV,mou before year end.
    Last edited by regal: 04/10/19
 
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