GXY 0.00% $5.28 galaxy resources limited

For what its worth, I think the JV deal is very big. A potential...

  1. 594 Posts.
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    For what its worth, I think the JV deal is very big. A potential partner asked if we could produced 50kt instead of 25kt. This would require twice the amount of funds needed. They are projecting twice the demand and are prepare to fund it. The short sellers are trying to get out fast. There are no available shares to cover except retailers. The only way to get retailers to sell is to go down in price. Going by yesterday short numbers, nearly all buying was done to close their positions.
    The signing of the deeds release the posco funds but will also begin the JV deal. Galaxy and posco investment are at national level. The judge can't afford to make a mistake, neither can Argentina. The mines will help boost the economy. This is why the president and officials gathered.
    Best with whatever you do.
 
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