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15/06/19

07:20

Post #: 39071626
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Originally posted by Sjlasx ↑

Very heartfelt post.
I genuinely believe the market is waiting and watching for how Simon Hay conducts himself. I know I've been quite harsh on AT, but Galaxy is a corporation and when the market turns on a corporation, the CEO is the General and he needs to outperform expectations. He needs to be on the ground and he needs to have a vision he can implement, not just a story to sell.
Being based in Perth is a signal that his focus will be on operations. Hard rock is the toughest part of the lithium supply chain. We should all understand that. But GXY has been lacking a mining CEO for too long and operational improvements were implemented too slowly. I know Sal de Vida is a chemical play, however his mining operational experience has many synergies. The only visible signs of construction are earthworks and there was no excuse not to have contractors timed to line the ponds upon completion. I use this as an example of management's lack of organization and project planning expertise in developing the asset. The funds are there to account for >70% of a 25ktpa LCE Lithium Carbonate extraction process.
I truly hope that Simon is quick to evaluate and articulate a vision for the company. If he can accomplish that, I trust there will be enough investors willing to listen.
The alternative is to actively seek a takeover or sell the assets individually and distribute the proceeds to shareholders. I understand that is not what many long term investors want to hear, but it's better than drifting sideways. The current assets are worth considerably more than the market cap even at a fire sale.
GLTAH

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I was in contact with the company and got a prompt response earlier this week.

Production guidance was confirmed for Q2. Shipping doesn't really matter in my opinion

GXY Price at posting: $1.46 Sentiment: Buy Disclosure: Held
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Next ship named, page-771

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