Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Quarterly will show sales go up QoQ, magins as wellSP hasn't...

First 3228 Last

Share
Profile

Follow
Ninja Tuna

2,853 Posts.

996

22/01/19

09:56

Post #: 37183094
Share

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.

Expand

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
6 Upvote

0 Great analysis

Reply

Top Stories

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

US election outcomes: Key economic and market takeaways

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 3228 Last

Add GXY (ASX) to my watchlist