My point is, in rebuttal to your comment they are over valued,...

My point is, in rebuttal to your comment they are over valued, Black Rock paid up to 59c for their holding [$2.95], which was before POSCO deal, before MC optimisation, before Ausbil became a substantial holder, before reserves at James Bay and MC were extended, before Galaxy announced binding offtake agreements for a minimum 200,000 tons PA with multiple customers.... you get the picture.....

You say Black Rock holds GXY because "It presumably fits into their portfolio for a good reason," Well, the only reason I know for the sharks in suits to hold a stock is to make money.


19/10/2018 Galaxy Resources Target Cut 4.4% to A$4.30/Share by Citi
06/11/2018 Galaxy Price Target Raised 2% to A$2.90/Share by Morgan Stanley
07/11/2018 Galaxy Resources Price Target Cut 12% to A$4.30/Share by Bell Potter
14/12/2018 Galaxy Resources Price Target Raised 2% to A$2.95/Share by Morgan Stanley
25/01/2019 Galaxy Resources Price Target Cut 28% to A$2.70/Share by UBS
29/01/2019 Galaxy Resources Upgraded to Outperform from Neutral by Credit Suisse
06/02/2019 Galaxy Resources Price Target Cut 15% to A$2.50/Share by Morgan Stanley
01/03/2019 Galaxy Resources Price Target Cut 4.8% to A$3.00/Share by Credit Suisse
01/03/2019 Galaxy Resources Price Target Cut 7.4% to A$2.50/Share by UBS

Tell us why it's over valued....