GXY 6.40% $3.51 galaxy resources limited

SP tumbling, is there a agenda? And how low will it drop, page-155

  1. 3,617 Posts.
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    This "backed by cash" thing is drivel. That money is going to be spent developing an asset. It might be 59% backed by cash now, but, assuming the share price remains the same, it certainly won't be 59% this time next year or the next, and so on.
 
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