GXY 0.00% $5.28 galaxy resources limited

Doubt no more?, page-44

  1. 634 Posts.
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    Here is the problem with entitling a thread "DOUBT NO MORE"...is that it gives false hope with no change in the fundamental operation of the company. As much as I liked Anthony's approach to this debt reduction and reinvigoration of Galaxy's mining operation....it has pretty much been a money maker for management and GMM so far. Not sold on the dilution from 1 billion shares to 1.8 billion currently. The takeover of GMM was nothing but a well disguised stock manipulation and selloff for the top investors and those savvy enough to get out as the tide seemed to turn. If we haven't suffered enough over the past month or so....there is no good news on the horizon for junior miners despite what Joe Lowry thinks. I really like the idea of lithium...lithium batteries....etc. Everything lithium is the new oil...or should I say the old oil is becoming the 'new lithium'. In a few years you won't recognize the Australian lithium business because it will be part of the worldwide oil producers portfolio. Unfortunately all of us shareholders in these junior miners like Galaxy are going to be caught holding the proverbial bag. You see...the way it works...is when the stock is manipulated higher....retail buyers rush in trying to catch the profit wave....but instead of taking their profit they hold on for the big score....that never comes. The stock tops out while all of the insiders and knowledgable holders sell....and then starts the 'slow' insidious downturn. The retail investors hate to let go of their 'big chance' to finally score because they made .10 a share when the thing rocketed..but now the slow reversal is not enough to scare them and they rationalize about how things will work as soon as the production gets ramped up...etc. Well....what actually happens is there are these annoying delays that set back things a couple of months, but the true believers convince everyone that it is just a matter of time. The ugly part about this story is that it gets repeated so many times in so many different industries that people never really figure it out. Remember the 'marijuana' stock run a few years ago when you would see companies go from .10 to .80 in a matter of a few months. Where are they now?? So next time you look at your portfolio and tell yourself that this time it is going to be different...just remember that as a retail investor you are just oil in the machine. So unless you bought Galaxy when the prescient were buying at .05 you can't afford what they are going to do to you. I liked this company so much last year,,,even though I knew it was part story and part reality. It has now turned into delay...sell...push it up...sell....sell...sell...buy....sell...sell....delay....buy...sell...sell.

    You want to see a mirrored repeat of this saga....look at Kidman Resources (KDR) .10 four months ago all the way to .70 last week. Now...watch as this stagnates and rolls over as new stories and prognosticators try to convince retail investors hold on...hold on...it's going to really be big. It will slowly take its place in the pantheon of storied and promoted stocks that had their moment in the sun. By years end .20 -.30 ?!
 
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Currently unlisted public company.

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