GXY 6.40% $3.51 galaxy resources limited

Banter and General Comments, page-4740

  1. 978 Posts.
    lightbulb Created with Sketch. 146
    Thanks for your interpretation.
    However, you need to take the elevator from the basement (GXY view) to the penthouse (global battery mining and production industry).
    What we observe with a birds eye view is that this IS NOT GXY-specific; it is sector wide problem. Your option B would have some credibility if only GXY would experience a drop in SP and increase in shorters. Also, if you look at the substantial holder notices and the SP at the time, institutional holders are still in the green at a 2$ with a much more de-risked company.
    Where do you think all the shares come from when the shorters close their position? A CR?
    Na, I follow what management and the largest holders do. Buy a few more and sit this out.
    GLTA
 
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