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$5.28 galaxy resources limited

I didnt know there was some legislation or tangible link...

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Facthunter

11,447 Posts.

815

29/06/18

09:45

Post #: 34029903
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Originally posted by GCar ↑

Haha you guys are funny
It's all about risk; you know that very well!
Yes, there are potentially quicker bags to made elsewhere, but those larger gains come with higher risk imo...

Now, back to GXY. What are the chances of SDV not producing? Almost zero, right?
What will the revenue be? 400-500m plus p.a.?
If they push up to 50ktpa that could be 750m-1b, depending on what the lithium price does in a few years from now.
What will the sp be then? Should be more than three times what it is now, right? Perhaps 4 or 5 times what it is now.

JB on top of that, other stuff (tolling, LPD etc) add more again...
The chances of it not getting there are almost zero, right..?

In the meantime, we wait and witness the games with the share price. A pain if you're trying to trade it for pips, no real problem if you're looking forward a few years.
Sure, most of us get caught up in the daily price moves, even if we aren't planning on selling anytime soon.... Can't see myself selling anything till +$10, but then there'll be even more great stuff on the horizon, and I'll be looking at what's another few years down the track.
Hopefully by then some dividend income will pay the bills

Gltah !

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I didnt know there was some legislation or tangible link connecting the sp to company fortunes. The way I see it all of these tickers are run by computers owned by large funds, the risk dynamic is also at their discretion. Changing tickers is like playing a different poker machine theyre all owned by the same house.

GXY Price at posting: $2.99 Sentiment: None Disclosure: Held
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