re: Ann: Galaxy signs Letter of Intent for Po...
I think we can agree on that since it's what made us buy GXY shares in the first place. It is my understanding that gooru, goosegog and others are not in opposition to the plan of a vertically integrated company. What we're concerned about is the *timing* of Galaxy's efforts. While they are envestigating the battery market, battery production processes, etc. etc. considerable management resources could be distracted from getting Ravensthorpe and Jiangsu up and running. We want Galaxy to be 100% focused on the task at hand. So while we all agree on the long term opportunities, I'd prefer them to take one step at a time.
GXY Price at posting:
48.2¢ Sentiment: LT Buy Disclosure: Held