GXY 0.00% $5.28 galaxy resources limited

Shorters... Good luck!, page-841

  1. 820 Posts.
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    The day of the stock market crash in the USA, which happened the day after SQM's big announcement and the "oversupply" panic, GXY was smacked down to $2.82.

    $2.82.

    Since then, global markets have recovered; the oversupply myth has been shattered; GXY has cut this deal with POSCO - significantly de-risking SDV; Mt Cattlin & James Bay have also had good news... and yet GXY is pinned on $2.88...

    Anyone who tries to argue that this is fair value for GXY is a crook or an idiot. But how do we shake these bastards off our backs?

    An off take deal should do it. A big, juicy ten-year deal with some corporate giant.
 
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