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Royal_Viking

1,508 Posts.

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19/01/17

23:40

Post #: 22015769
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Originally posted by airconditioner ↑

I don't see any facts in what you posted.

Since New Year Galaxy shipped. It hit it's target dates and quality levels and shipped.
That's a fact.

Today's announcement was another item on the to-do list ticked : refinance the OCP debt.
That has been on the cards since October announcement.
That is now has Tier One finance with our own Top 10 holder and truly massive international bank is a bonus.

Put even just those 2 things together and you get the picture that this company is in good hands.

Why people sold today is up to them. I wasn't one of them.
Is your argument based that on hitting a 40% rise in share price in 6 weeks that we weren't due a bit of a breather?
Perhaps some don't really read announcements.
We are not all here for the long term I guess and at least Galaxy has put profits on the table and attained new highs. Easy to see it happened a little too fast and it's frankly surprising we didn't get any correction before. Only a few down days from the last month or so.

Galaxy's rise is the company confirming it's status as a producer. Anthony Tse did a pricing deal that surprised the entire lithium world. And possibly the wider investment community. Galaxy is, at least partly responsible for putting the Over-Supply argument in the shade. And some lithium stocks have benefitted in the slip stream. Probably your own too.

This company got bought because that is what many investors and funds are interested in - de-risked investments in profitable companies.
Or are you suggesting that is all a conspiracy too? And the newspapers are in it on it too?
What next? The timing of a new Star Wars film was all part of it too?
Damn that AT has long tentacles.

Some might suggest - like JP Morgan CEO (also our top holder) did on CNN yesterday - that there is a second Trump rally on the cards and scalping a few now might make the next run even sweeter. It's likely that it will now be seen as a decent bargain for a good day tomorrow - since fundamentally the announcement was purely a positive, and entirely expected.
That's the best kind of dip that there is - one that, on reflection, was a market over-reaction and has the sellers scrambling to get back in.

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Sorry but BNP is not a top tier 1 bank, when it comes to HY financing (they are not even a top 10. The top ones in Asia are ML BOA, SC Lowy, MS, GS, JPM to name a few). When it comes to related trade finance they are not top 10, either in Ocean Pacific, hence I suspect debt facilities are provided on expensive terms IMO.

As for JPM, they are nominees and hold for and on behalf of many investors, who can be anyone one of many individuals or other !! Just to be clear, it's not JPM that own your stock. Sorry but here you are totally out of your debt. It appears your biggest investor is Vanguard (around 1-2% depending on how you look at it). All IMO.

Last edited by Royal_Viking: 19/01/17

GXY Price at posting: 60.0¢ Sentiment: None Disclosure: Not Held
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