Assuming this transpires, what will be even more brilliant, is the fact the Galaxy will have approx US$200m remaining in cash with a plant fully funded @ SDV. In addition the company has approx AU$200m in carried forward losses. A fully franked special dividend is an almost certainty in my opinion. Management have flagged rewarding shareholders. I think this is related to "Galaxy is currently exploring the opportunities of a potential refund of turnover taxes paid".
The company is in a fantastic position to capitalise on opportunities in the "manipulated" lithium down trend. Unfortunately for shorts, I feel that the exact reason they are shorting galaxy will result in a major benefit to galaxy due to the companies exceptional balance sheet. No wonder management are playing the game on their own time.
GXY Price at posting:
$1.92 Sentiment: Buy Disclosure: Held
