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$5.28 galaxy resources limited

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clivemax

3,409 Posts.

416

17/06/19

19:09

Post #: 39100183
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Originally posted by colinchi ↑

Reality isn't something many here look to face.
Spodumene is in over supply. Has been for almost a year
Galaxy can't find a buyer for its spod and probably shipped only twice in 6 months.....
That makes Galaxy look an incredibly risky proposition.
If not for the Posco sale they would be in a similar position as A40 by now and in another year or so they will be.....

Management did not point out the fact that not only are their customers delaying orders but there are no other customers to be found.

Cheers

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More a case of filtering through rubbish, as oppose to considering incredibility risky proposition.

GXY Price at posting: $1.41 Sentiment: Buy Disclosure: Held
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