todays action, page-2

Stringtickler,
(1)Appendix 3B announcements are not,and have never been,price sensitive and
(2)There are 51 million reasons why the share price will eventually stabilise in the price range of $1.00 to $1.30.

Sophisticated Investors are just in it for the quick 'money grab' and saw an opportunity to make a quick buck. They will 'dump' their shares until there is no further financial advantage from 'dumping',ie the SP has become too low. Galaxy was desperate for cash and did what they had to do to raise it. Shareholders will have to please themselves...Galaxy was only interested in their own survival...that is the Law of the Jungle---eat or be eaten!

By the way,this was not unexpected.I alerted Galaxy shareholders early September that this would happen,but I was accused of 'down-ramping' the stock.When you dilute the issued Capital by 124% , as Galaxy did, what else would you expect ?

Good luck.

ps another 34 million shares get issued to Creat on 22nd November,at 88c....don't let this be a surprise to you.