GXY 3.42% $1.41 galaxy resources limited

Chart, page-205

  1. 7,468 Posts.
    lightbulb Created with Sketch. 2523
    You have been a pretty big advocate of new energy stocks so I find this attitude surprising from you.

    I think if you look around the ASX, of the 3 producing stocks GXY is flat and NMT and ORE are both in the red over the past 12-14 months

    Of the newcomers PLS and AJM are both pretty much flat as well over that period.

    Now without getting into a debate about timings etc etc all 5 should be producing by say late q3 next year at worst.

    I personally do not subscribe to the fact that there will be oversupply. Your mate Joe has flat out said MIN DSO flooding market is a furphy. @airconditioner post yesterday was one of the best I have seen from him (not that I read them all) and I couldn't help but agree with his point of view.

    So in saying this do you not believe there is a point in time cold hard cash revenue will have to outweigh sentiment? You can't have GXY trading at 600-650m MC making 100m profits and with at least 1 world class asset waiting to be developed forever? Either the market has to re-rate accordingly or it will be eaten by a major. And I think TO talk is overhyped on HC so my guess is stock price eventually is re-rated.
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Mkt cap ! $577.1M
Open High Low Value Volume
$1.45 $1.45 $1.39 $8.770M 6.183M

Buyers (Bids)

No. Vol. Price($)
10 190848 $1.41

Sellers (Offers)

Price($) Vol. No.
$1.41 29585 3
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Last update - 16.10pm 17/06/2019 (20 minute delay) ?
-0.050 ( 3.46 %)
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$1.45 $1.45 $1.39 1517415
Last updated 15.59pm 17/06/2019 (live) ?
GXY (ASX) Chart
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