GXY 6.40% $3.51 galaxy resources limited

Rightly or wrongly, I believe that GXY gets rated by the Analyst...

  1. 367 Posts.
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    Rightly or wrongly, I believe that GXY gets rated by the Analyst community largely on the performance of Mt Caittlin. I think the reason GXY got slammed back down today is due to the low recoveries coupled with the poor margins last quarter and the perceived impact of these on next quarter.

    It would be nice that the Analyst community look at cash in the bank, the quality of assets, future outlook etc but they are far too quarter on quarter focused to do that. By the time we land a huge SDV JV and the share price has jumped massively, only then will they start with their re-ratings.

    This is part of the reason I think GXY is so liked by shorters. We are unlikely to massively shock the market with Mt Caittlin production, revenue etc. If we are slightly off on any metric, then they can use it as an excuse to slam us back down again.

    As long as Mt Caittlin is chugging along and bringing in some cash, I am happy. I'm not going to get too caught up in the granular q on q details of our little cash cow. I have a much stronger interest in what we are doing with our world class bigger assets in addition to the overall direction of the company (of which I am happy!).
 
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