GXY 0.00% $5.28 galaxy resources limited

you can bet the temporary export tax will be increased and the...

  1. 13,021 Posts.
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    you can bet the temporary export tax will be increased and the duration extended
    higher taxes

    the list is large of increased risks operating with Argentina now

    Meantime - the ignoring of a 150M plus "non cash write down" which no doubt will be dressed down as a "one off" as many increase exposire buying more margins will result in growing losses.

    Realisation that China Auto sales rebound in June didn't come through in July and an overall trade slowdown is going to bite at some stage

    GXY results will be a mega loss on paper, and the one thing they need to protect..."cash" doesn't seem to have been protected at all. Any sales they are currently doing is just trying to fill the "liquid assets" draws on the other side

    - financially GXY is losing capital, losing cash and its not driving forward.

    Good luck
 
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Currently unlisted public company.

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