a big company is being built, at the expense of short term gain. Im very suspicious of the china connection. A chinese company could take it over just as the big plan falls into place. And maybe not chinese, lithium will be a big time strategic commodity one day, and there are players taking postions. I actually used to have a big holding in galaxy. When L1 was announced I was happy, being a takeover operator, instead of takeover target, but then the big plan for sal de vida came along, and I cut back my holding hard. It was going to suck all the cash and probably another CR out of the SP. But frankly I found out at that time that Iggy Tan doesnt hold any shares in the company ! I mean a couple of hundred thousand ! A hell of a lot for me, but nothing for him. So what is that all about ? I will tell you. I believe that when Iggy Tan buys a lot of shares, so will I, because that will be the end of this road, the end of the big plan, and the SP will start going up !
GXY Price at posting:
13.6¢ Sentiment: LT Buy Disclosure: Held