GXY 0.00% $5.28 galaxy resources limited

Will GXY SP going hit $5 before Xmas?, page-53

  1. 2,733 Posts.
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    Hi remirez, I really don't think that Galaxy should be compared to any other companies in the sector, being a pure play lithium company, being an actual producer, and having a great deal of value locked up in the assets, yet to come online; the likes of which, the analysts don't seem to attribute much value to JB and SDV, until there are announcements made, about funding arrangements, potential strategic partners, offtake agreements, the actual progress being made to completed construction and production, and when the projects are more de-risked in their view. Galaxy has indeed been bashed around, with a particularly high institutional ownership, and therefore a prime target for these institutions, to lend their shares out for shorting, and accumulation purposes, as they would have a bit more foresight, before many retail holders, about what is in the pipeline for Galaxy. It's always interesting to view the Shortman site, even though the numbers may not always truly reflect, the true state of play that is happening off screen, in the dark pool, as it is known. The numbers seem to be under 10% now...so very interesting! In light of all of these events, every milestone is one to be celebrated for Galaxy shareholders, every gain hard fought for, and it's great to see a bit of happiness around, when the share price goes in our favour. GL
 
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