GXY
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6.40% $3.51 galaxy resources limited

This "backed by cash" thing is drivel. That money is going to be...

  1. asb83
    3,617 Posts.
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    28/03/19
    12:47
    Post #: 37913421
    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.
    GXY Price at posting: $1.81 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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