GXY
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0.00% $5.28 galaxy resources limited

Share buy back?? R u dreaming. They have a huge tax liability in...

  1. pranav1980
    828 Posts.
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    27/03/19
    11:16
    Post #: 37897944
    Share buy back?? R u dreaming.
    They have a huge tax liability in Argentina in next few months + They are unable to find JV partner for SDV + Mt Cattlin wont be generating enough free cash flow moving ahead due to low Li price + They are looking at developing James Bay now.
    With the amount of money they have in account, they can hardly do 2 years worth of development at SDV and James Bay. If they are not able to find a JV partner for both SDV and James Bay they may even have to do a capital raise soon.
    GXY Price at posting: $1.87 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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