GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-10021

  1. 7,654 Posts.
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    Again you are biased with your humble opinion.

    "Perhaps now the penny is starting to drop on why GXY shareprice in sharp decline and likely to continue."

    So what you are saying is the companies with high debt, high cost of production should continue to operate but Galaxy with lowest cost of production in the continent, no debt and gazillions of dollars should go into C&M in order to survive? eek.pngconfused.png

    "On your FMG analogy in yesterday's post, unfortunately the comparison is mute, GXY does not have the same level of ore reserves to be able to afford to keep burning through it at little to no actual profit being made for shareholders."

    Yeah you are right, my comparison with FMG is mute.

    back in 2015 FMG had 2 billion dollar debt..... GXY has no debt
    back in 2015 FMG had no cash ........ GXY has what ? 280 million dollars in cold hard cash?
    back in 2015 FMG's cost of production was higher than the price of IO....... GXY is still making a profit !!!!!

    absolutely no comparison at all as GXY is much more safer bet now than FMG was back in 2015.

    As always, your opinion is welcome but state ALL the facts not just pick and choose to suit your argument. wink.png
 
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