GXY 0.00% $5.28 galaxy resources limited

how much lower, page-88

  1. 22,539 Posts.
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    The issue with GXY at the moment is not their plan but the
    overall credability of the company.
    The most recent announcement indicated GXY's inability
    deliver on time and to budget. This gives rise to the credibility of other issues as per post #6951048 in the "Vertical Disintegrate" thread. Plans are simply plans and their execution is what is in question here.

    The reposting of the company's corporate overview does not address investors dissappointment with delays, budget over runs plant problems and now over 30000 tons of Spodume
    sitting at the front door of a Carbonate factory which is running six months behind time and which retail investors have paid dearly for in the form of the recent cap raise effect on SP.

    It would have made much better sense to sell the 30K tons
    (what you say is a superior product) on the open market
    to ascertain its true market value and to put money in the
    till rather than leave it at the plant's dront door at a notional transfer price of $237/ton. By the way GXY's forecast price for its spodumene was circa $400/ton and it looks like GXY does not share your enthusiasm of it being a premium(priced) product.

    So, in summary, plans and "Corporate Overviews" are great for cap raises but when the chips are down, the market requires preformance and GXY failure in this area is evidenced by the recent share price rout

    With best regards
    Moorookamick

    PS: I will leave it to others to guage whether I may "know nothing about the company" or Li business as you alledge but my knowledge as an investor of GXY will not likely be called into question because I sold GXY before the rout at a modest profit.
    My posts on GXY over the past 3 months speak for themselves
    if read in context of the SP drop (Even WangChung recognised that in a previous post) and like many posters, I have learned alot along the way.
    As Mr Rumsfelt said when he was in difficulty with the Iraq War, "there's those who dont know and there's those who dont know they dont know and then there's those who know they dont know. Anyway, take your pick.
    MM

 
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