GXY 1.60% 95.5¢ galaxy resources limited

I reckon PLS should shelf their plan for Stage 2 and 3...

  1. 495 Posts.
    lightbulb Created with Sketch. 60
    I reckon PLS should shelf their plan for Stage 2 and 3 altogether.
    Too greedy and overly ambitious; waging an all out war to destroy the lithium market.
    Couldn't get Stage 1 right (production wise), heavily in debt with high interest loan and diminish margin.
    With the big push and progress to date on Stage 2 and 3, looks like there is no turning back options, may have force to sell / auction off 49 % of the company to survive.
    Very risky business model.
    Decent company to acquire in fire sale scenario.
watchlist Created with Sketch. Add GXY (ASX) to my watchlist
(20min delay)
Mkt cap ! $384.9M
Open High Low Value Volume
96.0¢ 96.0¢ 95.0¢ $849.3K 887.1K

Buyers (Bids)

No. Vol. Price($)
24 154304 95.0¢

Sellers (Offers)

Price($) Vol. No.
95.5¢ 29053 12
View Market Depth
Last trade - 12.22pm 14/10/2019 (20 minute delay) ?
0.015 ( 1.21 %)
Open High Low Volume
95.5¢ 96.0¢ 95.3¢ 174680
Last updated 12.36pm 14/10/2019 (live) ?
GXY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.