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Could the Galaxy (ASX:GXY) share price be next to raise capital after Zip (ASX:Z1P)?




The surge in the Galaxy Resources Limited (ASX: GXY) share price to a three-year high should prompt investors to ask if the miner could be close to pulling the trigger on a capital raising.

This is the perfect time to rattle the can as the S&P/ASX 200 Index (Index:^AXJO) closes in on record high.

Just ask our friends at Zip Co Ltd (ASX: Z1P), which went into a trading halt to prepare for a fresh capital injection. Never mind that Zip undertook a placement and share purchase plan only in December last year.

You can’t blame management teams to strike while the iron’s hot!

Why Galaxy Resources could be mulling a cap raise

That’s why I am half expecting Galaxy Resources to tap shareholders on the shoulder, particularly as the…

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