GXY 6.40% $3.51 galaxy resources limited

Ann: Consolidated Financial Report year ended 31 December 2018, page-8

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  1. 770 Posts.
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    Wow, what a eye opening report.

    - Group EBITDA of US$58.1 million from operations, an increase of 90% compared to FY2017
    So EBIT on Mt Cattalin ALONE is 81m, giving us a PE for the at risk market cap of around 5! Ever seen anything so mispriced?

    Oh yea of-course, that was a good pricing environment. Was it? 
    https://hotcopper.com.au/data/attachments/1454/1454160-b6870639667d8a9221d663ec834437a5.jpg

    A case of constant price drops, but GXY realised price:
    https://hotcopper.com.au/data/attachments/1454/1454163-a4ec039dd586a776e84f5d240e5a089f.jpg

    this is a premium product, even in a declining market GXY managed to get a premium...

    Excellent eye opener and thats what this stock needs, to smash the shorters painting GXY with an industry wide brush when we all know this company is a top 3 future lithium player (the current top 3 hold multi billion dollar market caps created when lithium was not linked to EV)

    go ahead and short / sell... Ill keep buying until SDV is finally factored into the share price
 
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