GXY 0.00% $5.28 galaxy resources limited

The current market valuation of GXY is so far off the mark....

  1. 112 Posts.
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    The current market valuation of GXY is so far off the mark. Particular in regards to current financial condition.

    $100m usd cash in the bank (and growing >$20m per qtr)

    And NO debt.

    I would say a 90% chance this Posco deal goes through, SO another $280M USD cash in the bank

    $100m + $280 = $380m USD
    $380/0.73 = $520m AUD

    Here is the crazy part. The market cap is almost at $1B. There is a significant possibility that in the next month GXY could have HALF IT'S MC IN CASH!!!!!
 
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Currently unlisted public company.

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