GXY 0.00% $5.28 galaxy resources limited

Why do a buyback now when they might be able to do a buyback...

  1. 5,792 Posts.
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    Why do a buyback now when they might be able to do a buyback much closer to $1 at a later stage? The share price will continue its downward trajectory whilst the price of lithium keeps tanking (spod, hyd, carb, etc). There's no point doing a buyback until the price of lithium stabilises and starts to turn - if/when that occurs. Although a buyback is useless as they don't have the funds as it is to bring all their assets to production - so you'll need a CR at some point
 
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