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.
- Forums
- ASX - By Stock
- GXY
- Q1 Report this week?
Q1 Report this week?, page-154
-
- There are more pages in this discussion • 93 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online