GXY 0.00% $5.28 galaxy resources limited

What is behind our Galaxy's falling share price?, page-650

  1. 847 Posts.
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    Even 10-15% increase wont take it close to GXY fair value. There are two big factors I think will dictate the price of GXY for short term:

    1. Confirmation of ARG court allowing POSCO money from limbo
    2. What management is going to do with this huge cash. Someone here suggesting share-buy back. That's one of the worst idea considering Lithium price is dropping. Only business diversity can boost the company and get out of risk factors associated with one particular product. If GXY management is willing to use this for diversification (might be on GOLD or iron ore or Aluminium) not related with LiBattery (EV) than it will be the real valuation of the stock.

    I am holding till these two triggers, anything not satisfying these two I might be out in flash  


 
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