It can't really go to 1$ in the short term for the simple fact that it would be under the cash held by the company at a ~400m$aud market cap.
Anybody could just buy the company, keep the cash and sell the assets for pure profits.
It could only go under 1$ if management burns the cash recklessly AND fast without adding any value.
The lithium downturn would also need to last long enough to allow such burning, extremely unlikely as other leveraged players would die way before that, tempering the supply side.
- Forums
- ASX - By Stock
- Will Galaxy Resources reach $1.00 by the end of the year?
It can't really go to 1$ in the short term for the simple fact...
-
-
- There are more pages in this discussion • 187 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online