GXY 0.00% $5.28 galaxy resources limited

what are the chances of a capital raising?

  1. 7,640 Posts.
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    I dont usually make threads but I would like to make a separate thread to discuss only this topic.

    Given the number of shorts increasing like crazy in the last few days/weeks for GXY which is not sitting at 19.12%, and as we have seen the shorters know a lot about this stock than us retail investors do as they have found to be on the "right" side of the trade for the last two years.

    the number of shorts is the highest they have ever been for GXY, so i am suspecting the chances for a capital raising in the future are pretty high and this is where all these shorts will look to cover.

    To be honest i dont really mind having a cap raise at 80 cents now given we we were just there a couple of months ago, but if that guarantees that we will have SDV into production sooner rather than later then I dont mind it.

    All my opinion and i look forward to yours.
 
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