GXY 0.00% $5.28 galaxy resources limited

GXY Great Buying Today, page-98

  1. 13,730 Posts.
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    There is a point, however, that the momentum you speak of is halted by fundamentals.
    We are soon to have about $1 per share in cold hard cash. A share price of $2 means $400m valuation for our 3 assets, one of which is bringing in cash at a rate of +$100m p.a., and another of which is likely to bring in several hundreds of mil p.a. in a few years from now.

    Momentum you say..? Falling knife..?

    Imo 2.98, 2.80, 2.70 will all be seen as absolutely great entry points in a few years.

    Too easy in hindsight to just say hold out for the lower prices.

    Good luck.
 
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