GXY 0.00% $5.28 galaxy resources limited

To each their own belief. Unlike other lithium companies, gxy is...

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    To each their own belief.
    Unlike other lithium companies, gxy is driven by earnings. For a market cap of $893m it has achieved a output equivalent earnings of $158m per year. P/e of 6. Including the cash in the bank, a p/e of 3. This is not including SDV and JB. If any anyone can post a company on the asx with the same p/e, do so. If not, stop blowing hot air.
    The trolls are wrong. If a man has three properties of $1m each and an income of $20k per year. Is the man value by his income or total assets? Anyone that value a company based on earning alone without hard asset value is a clown.
    EVs will only increase, ICE autos are facing extinction and must change. The mega battery factories are being built and charging infrastructure are being installed. Someone has forgotten about the importance of the mineral producers that make all this possible. The contract prices must rise, the supply cannot meet demand. The existing autos do not want to be culled.
    Diesel gate cost VW $50 bil. Signing up to a company less than $1 bil insure their survival. Which option would such a company like VW choose? Use common sense. Other autos are in the same boat. They are all facing extinction without supply. The coal power stations are also facing extinction since wind and solar energy providers are installing power banks.
    Last edited by regal: 27/10/18
 
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