GXY 0.00% $5.28 galaxy resources limited

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  1. 6,248 Posts.
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    PTW,
    I am going to disagree with you slightly - essentially on the price target. I agree there is still more downside to come, but the fall anticipated could be circa 40-50% from this level based on a similar assessment of Livent undertaken by analyst (see link below). Essentially, with the EV sales outlook being directly affected by the coronavirus and supply issues still to wash through, we could potentially see a price of $0.40 per share or net cash backing.
    Please don't shoot the messenger. I am only reiterating the comments made by an analyst covering Livent and extrapolating across to GXY. I hope to buggery I am wrong, but there may be value in playing the pseudo short game at these prices (and buy back at much lower levels).

    https://seekingalpha.com/article/43...aign=rta-stock-article&utm_content=link-2
 
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