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$5.28 galaxy resources limited

Banter and General Comments, page-3228

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Ninja Tuna

2,853 Posts.

996

22/01/19

09:56

Post #: 37183094
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Originally posted by Wary 1: ↑

Thanks ljcamp for pulling all these facts and figures together. It is always good to be reminded of what we have here with Galaxy. It is hard to image that the market has only valued our company at AUS $916m and that AUS $321m of this is backed by cash. I don't know why the share price hasn't already taken off, but people and/or institutions will eventually buy when the fundamentals and/or news becomes so compelling that the company can't be ignored. The announcement of a dividend or those long-awaited partnership and offtake deals for SdV is all it will take. As far as those shorts are concerned, I still have Gameplanon's comment "If the short's don't cover, more buyers will hop on board anyway" stuck onto the top of my computer. I reckon more buyers will be hopping on board AND the shorts will be having to cover. Of course the shorts will all have different break-even prices, but when the share price does start to rise they will all have to buy eventually. Just image, they have to buy back 69,000,000 share at some stage! I am really looking forward to the quarterly and accompanying conference call on Thursday.

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Quarterly will show sales go up QoQ, magins as well
SP hasn't prices this in at all
not advice

GXY Price at posting: $2.27 Sentiment: Buy Disclosure: Held
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0 Great analysis

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