GXY 0.00% $5.28 galaxy resources limited

I think it'll need more than a bad quarterly report to see sub...

  1. 5,813 Posts.
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    I think it'll need more than a bad quarterly report to see sub $1. If I was on the hunt looking to acquire a lithium asset, GXY would be coming up on my radar not much lower than current levels. I'm not a fan of GXY's assets or its management team, but it's still cashflow positive at Mt C assuming they actually ship everything rather than postponing shipments. The price of spod would need to deteriorate quite a lot more before it's losing money and there are a lot of other lithium assets that would drop dead before GXY if that deterioration were to happen. So I can't see the price of spod dropping to the point where GXY is unprofitable. The wildcard is SDV development, which the company is quite coy about and not divulging much information.
 
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Currently unlisted public company.

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