GXY
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6.40% $3.51 galaxy resources limited

To put the current short position into some perspective:407m...

  1. ljcamp
    630 Posts.
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    23/02/19
    09:42
    Post #: 37540263


    To put the current short position into some perspective:

    407m shares on issue
    15% short = 61m shares open ended

    Total 12 month volume 669m shares traded (based on 260 trading days x ave daily volume of 2.57m)

    There is a potential situation where outstanding shorts (currently locked in and unable to cover) have to re purchase 10% of the total 12 month volume of galaxy on market!

    Just think about that for 2 mins.....

    **do you take sugar with your tea?
    GXY Price at posting: $2.12 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 39  Upvote
    lightbulb Created with Sketch. 7  Great analysis
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