GXY 0.00% $5.28 galaxy resources limited

This is great buying at the current price. The other thread is...

  1. 599 Posts.
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    This is great buying at the current price. The other thread is just silly. The total market cap is $750mil US. The cash in hand is $350mil US. The whole company is valued at $400mil US.
    400÷407(total shares available) = 98c US /share. Equates to $1.35 aud.
    For every $2.44 share paid. You get the equivalent of $1.10 in cash.
    The cost of SDV is $470mil US. The total company value is only $400mil US
    To put it another way. The total value of a residential property is worth less than extension on the house, including the extension. There is nothing to worry for the people buying or owning. Only sellers need to worry. The property must be worth more than the extension. Its a no brainer.
 
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