GXY 0.00% $5.28 galaxy resources limited

Ann: Re-release - Mt Cattlin Update, page-14

  1. 5,844 Posts.
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    Now the company is getting in on the action of repeating news In any case, the market only cares about money coming through the door and the increase in resource doesn't have any impact on that.

    The only thing that will pique the interest of the market regarding Mt C is if they can increase production along with grades. They are struggling to get near nameplate as it is. The company is going to have to throw money at it to increase production. Look at AVZ - they keep telling the world how big and good their resource is, but the stock is tanking. The market only cares about how much cash it is going to be generating in the short-medium term. These announcements don't impact that one iota.
 
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