Banter and General Comments, page-9088

>> Sure, Galaxy could be at risk of facing the same issue. What do you think of what they have done with Mt Cattlin?

They did well with Mt Cattlin, although it is not reflecting YET in the books (or the SP). As you know, they need to ship for that and things seem to be quite slow again on that front.

I guess the question is: can they replicate it at a reasonable cost?

And can they sell (and ship) that added production?



With regards to the options, technically it is true, it would be more interesting for them to buy shares for $1.13 and flip them later.

But the risk is completely different. If they get their options at $2.7, then it safe to say that the trend has definitely inverted and the SP is very likely to get to new highs. Very low risk level.

If they bought them now, they'd buy in a downtrend where the risk is actually a lot higher.

I think they're smarter than that.