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.
- Forums
- ASX - By Stock
- Banter and General Comments
The demand is just mind boggling.the banks and China have the...
-
- There are more pages in this discussion • 15,713 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)