To put the current short position into some perspective:
407m shares on issue 15% short = 61m shares open ended
Total 12 month volume 669m shares traded (based on 260 trading days x ave daily volume of 2.57m)
There is a potential situation where outstanding shorts (currently locked in and unable to cover) have to re purchase 10% of the total 12 month volume of galaxy on market!
Just think about that for 2 mins.....
**do you take sugar with your tea?
GXY Price at posting:
$2.12 Sentiment: Buy Disclosure: Held
