galaxy update, page-38

bazza,

'dog with flees' i disagree with but i hear what your saying and TU.

I am very suspicious of the chinese using westerners cash to pay for all the risk. They could purposely play the SP down, then launching a low ball take over for a quality company.

Ive seen some suspect actions at GBE and some very dodgy work at CMR(in admin). Im not saying anything illegal was done as the stock markets are easy enough to manipulate legally.

The management then oblige to the takeover playing into the hands of the chinese. The companies that dont succeed they let the investors take all the losses and the companies that succeed (for example find a large oil discovery) they low ball take over creating a lose/ lose situation for investors.

Solution:
Do not let this company be taken over for less than $2 a share.

keep an eye on who the major investors are and were they come from.

M & G Investment Management Limited =europe 14% of GXY major SH
Creat Resources Holdings Limited =australian
Vanguard Precious Metals and Mining Fund = USA 11%
Fengli Group (Hong Kong) Co, Limited =chinese(hong kong)about 6%(not sure)

Conclusion: ATM no way a chinese play can be made ripping off us shareholders.

good luck all!