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$5.28 galaxy resources limited

This is just a classic Bear Run, and they'd be in a pretty hard...

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SodaFizz

264 Posts.

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30/08/18

12:12

Post #: 35292350
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Originally posted by Gekkko ↑

Perhaps Mosquito Stanley can someday climb out of the sewer and maybe justify their claim to be Masters of the Universe..Given their GFC record we'd have to say there's a 0.00001% chance of that..However it's still a remote possibility that they are what-they-say....

But the laws of physics & mathematics still apply..Maybe they find a way to borrow more shares in The Galaxy..and stretch short position like an extended ruber-band but there's 2 things to bite them on the R's..

Firstly they cannot borrow 100% of our company's shares..Like the sub-prime disaster their borrowing capacity is limited.

The one thing that is NOT limited..is their potential loss from buying-back GXY from the market..We are the market and from the feedback i've been reading during recent months, there is a determined loyal shareholder-base that simply will not sell to them at the price they need to break even.

Thanks again to the Mosquito for my $2.87 buys today..

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This is just a classic Bear Run, and they'd be in a pretty hard rush to start putting the shares back but trying to maximize their profit, problem is that retail's aren't buying it. I imagine they will move on to greener pastures.

GXY Price at posting: $2.88 Sentiment: Buy Disclosure: Held
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