GXY 6.40% $3.51 galaxy resources limited

SP tumbling, is there a agenda? And how low will it drop, page-17

  1. 699 Posts.
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    Share buy back?? R u dreaming.
    They have a huge tax liability in Argentina in next few months + They are unable to find JV partner for SDV + Mt Cattlin wont be generating enough free cash flow moving ahead due to low Li price + They are looking at developing James Bay now.
    With the amount of money they have in account, they can hardly do 2 years worth of development at SDV and James Bay. If they are not able to find a JV partner for both SDV and James Bay they may even have to do a capital raise soon.
 
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