GXY 0.41% $1.21 galaxy resources limited

I really believe shorts have gone way too hard at Galaxy.The...

  1. 1,140 Posts.
    lightbulb Created with Sketch. 1099
    I really believe shorts have gone way too hard at Galaxy.

    The issue for management is that they are at risk of falling out of the ASX200. There is no way they will let this happen, therefore they will do everything possible to promote the share price. This may well result in a share buy back if assets are not appropriately reflected in the share price soon.

    Furthermore, management have options exercisable at $2.73 per share and have achieved all hurdles for these options to be triggered.

    These options are currently out of the money by 92 cents and considering what has transpired in terms of balance sheet improvement for the company since these options were approved, I doubt we will need to wait much longer at all for some significant catalysts to stop this orchestrated manipulation.

    3 trading days left, then Easter and only 2 trading days next week. Good time to drop some huge positive news in the quarterly to let it sink in for a few days. Somethings got to give here....

    Last edited by ljcamp: 15/04/19
 
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