stringtickler,
In recent times,there have been many highly respected Companies that offered deeply discounted issues with massive dilution of Capital (to raise money)...their share prices all suffered the same fate.
The Market Caps of the Companies rose dramatically but the SP's fell dramatically,first,then rose.
Galaxy shares are not that special that they can avoid this.
I am valuing Galaxy at 3.4 to 4 times what it was worth just 6 months ago to reflect the Lithium Boom,the extra cash they now have and all the developments within the Company to bring their project to reality....this a massive re-rating considering they haven't even starting mining or building either of their 2 plants and profits are still a long way away.
Cheers.
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