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$5.28 galaxy resources limited

Galaxy Resources Take Over, page-8

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Thesi

8,745 Posts.

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28/08/18

21:16

Post #: 35247803
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Originally posted by juggernautz ↑

+1

Our cash in the bank of about $500 mil is nearly half of our market cap is funny. We also have 3 world class assets with continual cash flow for years to come.

Also, Lpd is so cheap right now of around 2.5 cents and with half a billion in the bank, I wonder if the management thought about taking over in case another big fish come in and buy out lpd and it could complicated our relationship with them in the future. If Lpd can fence off any take over it would be good but if it is vulnerable to takeover, I rather it be Galaxy.

We also have the option of offtakes for SDV down the line as well. We definitely are in the driving seat and on our way to be a global powerhouse and we need to make some big decisions.

GLTAL!

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Offtakes might offer further cash up front.

Maybe with all the cash we will have we should forget this lithium game and do it as a side project....

....then move into banking...

Galaxy Credit Union.

GXY Price at posting: $2.93 Sentiment: Buy Disclosure: Held
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