GXY 0.00% $5.28 galaxy resources limited

There was detail yesterday that did was not in favor of...

  1. 594 Posts.
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    There was detail yesterday that did was not in favor of retailers.
    Looking at the short numbers of last tuesday. 5588926 units were traded. 3114806 .76% was short sold. They closed 3606617 .88%. It means 3-4 out of 5 units traded on screen is done by short traders. They have bought back alot of shares already but not closed. They can resuse if the SP rise. The fact that this is at $2 and not $4, there maybe inside help. The SP will rise above $4 again but would only be due to asset value not performance value. A40 was planning to ship 23kt early feb from their december stockplie. The 38kt is min. Gxy has different grade, customer and final product. The spod can't be on the same ship as others. Two weeks ago the yop was at 75%. The higher grade and volume will not occur until 100%. At what stage is the yop right now? The price negotiations was still taking place, the product can't be sent until then. The SP can only rise when someone pay for it. Only a share buyback or new large investor can do that. Why is the company waiting if the money is coming in? As investors these are questions one has to ask. Putting management on pedi stools won't help. MDs have been know to lend shares for shorting. Having stood in the rain,in the dark so folks can have warm beds. There are no unicorns at the end of rainbows and fog doesn't distort reality. Keep it real.
 
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