Galaxy results, page-2

Hi Rex,

Last year's June quarterly came out on July 14th, so I'm guessing either some time today or Monday. I'm refreshing the screen looking for it now.

Should be a good little read for the market.
Always a good look when a company has quarterly after quarterly of increasing profit.

Its was the fundamentals that kickstarted this rally - the market liked the increase in production at Mt Cattlin and the spectacular drill results at JB. And it will be the fundamentals that prove our current chorus of down-rampers wrong.

Its quite interesting to have a read of last year's June quarterly and see how far we've come in the last year.
http://www.asx.com.au/asxpdf/20160714/pdf/438kg7fh1bwnts.pdf

The market cap was virtually the same as today but it was prior to the GMM take over (and the resulting doubling of Mt Cattlin share), first shipment, Mt Cattlin production more than doubling throughput from .8 Mt to 1.6Mt, dealing with mica contamination and therefore able to ship from Esperance, SDV DFS published, JB drilling results, Adding more well-credentialled board members and SDV management team, 50% increase in spodumene pricing for shipments, debt facility with Tier 1 European bank.... etc

Not a bad year in terms of actual real results and company progress.
There are probably a few more on that list that you could list that the market seems to be capable of ignoring at the moment.

Back then the market didn't like the postponement of the first shipment from July to September (and subsequently January) but the patience was eventually rewarded with the best performing share price end of 2016 (or were we actually pipped at the post right at the end?).
This share price should be much higher than $3 already on the company's real progress.
Our market cap is woefully undervalued by whatever metric you would like to use - PE, comparison to competitors, or other ASX companies that are still years from becoming profitable.
No doubt about it.

And yet we've all had the chance recently to buy shares in this company at a price that was only marginally above when Mt Cattlin was more than 6 months from shipping.

I look forward to the quarterly giving us, and new investors who are waiting for this detail, a bit more sp mojo.
The shorters didn't cover in this last week. I was wrong to call it a squeeze.
They were betting against the rises all the way up and aggregate shorts were heading north again last Friday.

That's a very interesting response from those looking to manipulate this share price.
Very small downward movements in the aggregate result in very healthy jumps in sp
so they've decided to deal with all that later.
Did they forget about the quarterly?
Or don't they even need this kind of stuff any more to "go negative"?

I hope that those who are so fixated on the TA will take the time to read the new quarterly and ask the big question - "What other company has made this kind of progress in the last year and not been rewarded by a healthy re-rate?"