GXY 0.00% $5.28 galaxy resources limited

Lifting time, page-21

  1. 1,658 Posts.
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    Anger about a dipping share price doesn't make what you say right.

    It may have paid you to pay more attention to the plans and announcements of this company.
    SDV was the next nominated project as far back as I can remember.

    The plan is for SDV to be producing by 2018.
    5 years for a completely new entrant - perhaps - but this is a project that has already had that time in R&D.
    It took Orocobre only 2 years from DFS to shipping and there were long delays in there that were based on lack of financing. The operational facts are that brine ponds are ready to harvest within 12 - 18 months. You should already know this holding ORE.

    Mt Cattlin has opened on time and production milestones have been reached and now exceeded.
    There is processed ore on the pad and a new double-sized circuit after barely 4 months of operation.
    Pre-payments have been made and clients locked in. The merge has already made money by taking over GMM's finances and share of these, and all future payments.
    These are all facts.

    Galaxy will be first to ship and guidance says that will be in September.

    If you were after hard rock - and only hard rock - then you got Galaxy wrong.
    If you have paid any attention to recent analysis it is simple - hard rock could be under a lot more pressure from brine in the future. Brine is how we guarantee our survival by diversifying and keeping a low cost alternative supply. We have the unique position of having both.

    Nobody has invested with play money here.

    If you're angry with people like me that are looking at this company's long term prospects, are positive about them and are actively sharing information about them - then simply don't read them and make up your mind whether, on balance, after looking at what the company has to offer , that there are gains to be made from investing this company, or not.
    Last edited by airconditioner: 15/08/16
 
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