GXY 0.00% $5.28 galaxy resources limited

target price: $2.03 gxy report, page-3

  1. 22,747 Posts.
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    The market seems to disagree with your opinions.
    The fact of the matter is that the sp is still sub $1.10, the cap raise price of six months ago, Mt Catlin has not yet been demonstrated as profitable
    and the carbonate plant is behind schedule and 36% over budget.

    To propose that the sp price ought to be $2+ is wishful thinking. GXY is still a highly risky stock. Just look at the price graph over the past 6 months!

    Cheers
    Moorookamick
    Oxfordshire.
 
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