GXY 0.00% $5.28 galaxy resources limited

Ann: Half Yearly Report and Accounts - 30 June 2014, page-15

  1. 8,677 Posts.
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    Not at all Stauss,

    I want GXY to turn around and would be looking to top up if they finally completed the deal. The longer this deal is delayed, the less money we will have to do anything with the brine project.

    As for appearing overly negative, I would only point out that there is a long history of GXY management being played like a fiddle by their Chinese partners; first being put on the debt teat, then delays in commissioning and ramp up, then an opportune plant accident, then the creditors playing hardball resulting in highly dilutionary CR at 8 cents. Going by this exposed form, and the current fact that the Chinese are still dragging their feet and costing us millions, it is prudent to be highly suspicious.
    Last edited by invertedva: 14/09/14
 
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