GXY 6.59% $1.28 galaxy resources limited

Seriously, if this Quarterly Report is as ugly as many predicted...

  1. 474 Posts.
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    Seriously, if this Quarterly Report is as ugly as many predicted (MC production concern, no shipment and no definite SDV deal), without ANY return of capital to shareholders by any means of - shares buy back or one off special divi - the Share Price will be hammered again in the near term.
    A modest share buy back say 5% (around 20 million shares at a tiny sum of $40 m based on current valuation over 1 year duration will be very good for everyone and restore confidence). And fxxx the shorters.
    This will impress the market and show M'Fool we are not short of money or in mountain of debt.
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