Banter and General Comments, page-5319

The demand is just mind boggling.

the banks and China have the whole industry bluffed at the moment. Galaxy is bundled into a basket of no. Producing lithium play, all of which carry debt or are in the process diluting holding via capital raisings.

$776m
less $445m in cash
$331m enterprise value.

no one is winning.

management: can’t purchase due to neg + pressure from all angles. Tough job atm.

shareholders: most sitting on a loss.

shorts: 17% with very low volume. Can’t close positions so unable to crystallise any gains. Paying credit card rates to lend from instos.

traders: low volume and the trend has be steady decline. Near impossible to make a decent $.

offtakers/JV: no deal so far so they are frustrated galaxy won’t accelt there “multiple offers”

instos: large holdings in the company and substantially higher prices than today. Partially offset by rate paid by shorts for borrowed shares.

so here we are at $1.90 and wondering what the heel next? Surely something’s gotta give? It’s so tightly wound up that either good or bad news will be the circuit breaker.