GXY 0.00% $5.28 galaxy resources limited

Q1 Report this week?, page-154

  1. 5,919 Posts.
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    I think $2.50 is the target. A nice round $1b market cap is acceptable/reasonable. $2 is a bit greedy.

    Over 15% of outstanding shares are currently shorted, so there's a build up of leverage moving to the buy side.

    Besides that, there's not really any near term catalyst for share price appreciation.

    The quarterly report won't produce anything that isn't already known.

    If you take the midpoint of the last half of 2018, there's still a good 5 months until a deal is done for SDV.

    Lithium prices in March dropped a tad from the previous month, so no catalyst there either.
    Last edited by asb83: 17/04/18
 
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