GXY 0.00% $5.28 galaxy resources limited

question for showman regarding shoemaker, page-14

  1. 4,447 Posts.
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    One reason Fotios and co. have persisted with Cattlin is that these guys are the old Tantalum Australia and Greenstone Resources crowd.

    Now, there's a couple of ways to look at this fact.

    #1 they know what they are doing, having gone over the ground before. They have the expertise on hand, they have familiarity, etcetera.

    #2 they are resurrecting their old chestnut because they are in love with it, they can't let it go, and they have vested interests in getting it going and damn the torpedoes. This could be a negative - after all Tantalum Australia certainly isn't a shining billion dollar beacon of hope.

    Now, maybe things are a bit more fortunate for them now. SoG's cacked it (thanks to the Lalors) and had to sell the lease at Cattlin they were squatting on, which gave Greenstone the opportunity it needed to get out of its little corner of nothing (check GXY's prospectus and see if I'm wrong), reconstitute its bled-out and crapped out shares, roll it in, get the TA guys on board, and bob's your second cousin, with a bit of spit and polish and a whole hell of a lot of hype on HC, we have a $1 share price. Bingo.

    But the fact remains, its the Tantalum Australia guys, they love tantalum. Its Greenstone Resources with SoG's ground, and the impaerative is to make Cattlin something because they couldn't do it before.

    This may explain why they are knocking about with this pegmatite, instead of going hundreds of clicks into the great never-never looking for iron (and like Tony says, good luck unless you find a crapload of iron out in the Nabberu) or off to Ponton looking for REE's.
 
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