GXY 0.00% $5.28 galaxy resources limited

Trading halt, page-92

  1. 8,739 Posts.
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    It's difficult to say.

    Whilst we were not there for the discussion that this reporter had with Anthony it does appear to be a bit of a "Do I do this? Or do I do that?" - He must enjoy reading my back and forth indecisiveness. LOL

    “In some of the discussions I’ve had with offtakes, in the same way we took prepayments for concentrate from Mount Cattlin, we could look at potentially negotiating some prepayments on Sal de Vida offtake,” Mr Tse said.

    “Do we want to take 100 per cent risk on Sal de Vida, or do we want to sell down 30-40 per cent of the project where essentially we can raise enough capital to fully fund the equity component or maybe even take some money off the table and help us derisk?”
    LINK

    Let's consider the recent video of Anthony Tse discussing pricing. "We should see a seven in front of it" (paraphrasing)

    What did we end up with? -USD$905

    Re-read this comment made by @airconditioner of Anthony who met him in person in the past week.

    "AT's background was in China with TOM (I think it was), financing the early stages of the boom in Chinese mobile industry. He told me the story that one American financier said that he wouldn't put money into it because the Chinese would never have a mobile industry, as the only ones that would need a phone were bankers and prostitutes. AT went on to handle a $3b asset acquisition for them before finding his way to Galaxy, tasked with fixing the financial mess that Iggy Tan had left in the wake of the collapse of Lithium Boom Mark 1. Selling Jiangsu and the GMM deal (and the renegotiation of that deal from the earlier, more desperate version of it) was the way he has turned this company from $50k to a $1b market cap. He has now had 4-5 years as MD and I think you'd be hard-pressed to find someone in an Australian company that knows as much about the lithium sector as he does, as well as dealing and negotiating with Chinese companies.

    The recent negotiation of $905USD/t speaks for itself." LINK

    My perception of Anthony is that he is a very shrewd business man that we are very fortunate to have on our side. - I even begged him recently to stay the course and stick around.

    People will sing songs about Anthony in the future and reference to him as being one of the greatest businessmen of our time.

    Who knows, we might have just taken over Albemarle or SQM.

    Maybe both?

    Of course I am joking...

    Or am I?
    Last edited by Thesi: 03/01/17
 
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