GXY 6.40% $3.51 galaxy resources limited

SP tumbling, is there a agenda? And how low will it drop, page-102

  1. 3,617 Posts.
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    As I keep saying, SDV has offers, but from what GXY has been telling us, you can easily deduce that the offers aren't up to GXY's lofty expectation. Parties aren't rushing to do a deal for SDV. Rather, they are waiting for GXY to come to the party with a more reasonable expectation. Given GXY's market cap is only $750m now, it now has next to no bargaining power in a deal given the market is placing little value on its remaining asset at SDV.

    Think of it from a logical perspective - if you put your house on the market and didn't sell it after 6 months, what does that say about your expectation for the price of your home? You obviously priced it too high. The market may give you offers, but you reject because they don't meet your lofty expectation. To get a sale, you would need to reduce your expectation.
 
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