GXY 0.00% $5.28 galaxy resources limited

Following in US$ Now: Cash - $68m Market Cap - $680m Enterprise...

  1. 2,774 Posts.
    lightbulb Created with Sketch. 2512
    Following in US$

    Now:
    Cash - $68m
    Market Cap - $680m
    Enterprise value - $612m

    As as 31st October:
    Current Cash - $68 + $257 (POSCO funds) + $10 (approx Profit from next shipment @ 22kt) = $335m
    Market Cap - $680m
    Enterprise value - $345m

    So effectively the market is valuing the 3 assets, MC, SDV and JB at US$345. Which really is disjointed given the fact that we sold 30% of SDV for US$280 alone.

    Please note: This does not factor in any further cash proceeds from the partnership as SDV.

    Any rebound in lithium sector (global) will see GXY share price double very quickly.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.