GXY 6.15% $1.68 galaxy resources limited

"just saying that mathematically, a buy back would not change...

  1. 832 Posts.
    lightbulb Created with Sketch. 741
    "just saying that mathematically, a buy back would not change its rank"

    Wrong. When management buy back on market this gives existing holders an reason to continue supporting the company. It also gives a big confidence push to any investors watching on the sidelines to enter.

    Essentially its a huge signal to the market that Galaxy feels their stock is under priced by the market and they are prepared to put their excess cash where their mouth is.

    Surely I do not need to point out th effect this will have on the remaining 17.18% shorts left holding the baby.......

    Well Tutor, there is your market cap increase.....
    Last edited by ljcamp: 15/04/19
 
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