GXY 0.00% $5.28 galaxy resources limited

Agree, management might not have cared about the S/P shorter...

  1. 749 Posts.
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    Agree, management might not have cared about the S/P shorter term, but in some ways they have put themselves into an unwinnable corner -

    They can't get a partner for SdV if the share price is at this level because a partner can just turn around and buy out the whole business for less than what GXY are asking to partner for just half of SdV.

    Management will do something now - it's impossible for them not to turn on the charm or start disclosing information.

    Unless....something is already in the bag with a partner at some agreed upon price.

    In any case, if you're deep in, it's probably the point where you start thinking 'no more throwing good money after bad if you've followed this saga', but also 'too deep now to sell at what is irrefutably a ridiculous price - you could just cease all JB and SdV activity and 'yard sale' all of GXY's assets for more than current market cap!

    But if you're a shorter, unless you have an ulterior motive, why on earth would you open a short at this point?! Recklessly stupid because this is primed to go up on any significant good news, and probably up a long way as shorts progressively close on the way up.


 
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