galaxy receives debt funding interest , page-4

From a fundamental viewpoint GXY should complete and prove the
integrated business model up to the carbonate plant before increasing
debt. Once the carbonate factory is an earner profits could be then employed to finance the battery plant rather than selling shares & diluting shareholders further.

GXY's history of bank loans has resulted in a massive cr to retire the debt later which has seen the SP drop from $1.81 to 55 cents & the prospect of another CR could delay SP recovery for years rather than months.

The challenge for GXY & management at present is to demonstrate the profitability of operations up to the carbonate plant to restore investor confidence now rather than take more debt aboard at a time when there is a 50/50 chance of a double dip recession.

Cheers
Moorookamick