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Galaxy Resources dilution or not?, page-67

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number61

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07/02/17

16:12

Post #: 22432643
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Originally posted by M92 ↑

The cheer leader squad arrived a day later than I thought - Welcome nonethless folks.

Funny how exactly 10 months ago your beloved stock raised $100M of capital to "rapidly advance the project through to production". Can you all please all give us a run down of how things have been going over there? How is the production going? The permits? The legal dilemmas? Can you all tell us how significantly the capital raise has improved cash flow? What tangible steps has management taken over the last year? How could we forget the infamous Resolution 3? Any feedback would be much appreciated.

Please stop bagging out 'competitor' Aussie lithium stocks if you are all genuinely interested in your fellow investors doing well. Input is 100% welcome here as anyone else will say, but the tone of your "inputs" and timing of them suggests that there is a bias. Why do you all come out on the day there is a 1-2% breather for the day or when there is a trading halt? Funny that no one was around when the first delivery was made, or when the US $1.4bn NPV for Sal de Vida was announced...

It is not difficult to see that there are a few influential posters on the other side who accumulated their stock in the single digits, and are now in a position of power through social media, HC, or email groups which "influence" the remainder of the retail shareholders away from other successful stocks. Also, none of you have the right to call out any poster here when the "influential" posters on the other side were pumping the stock at 87c, telling other retail holders to keep buying, when they were actually selling their millions of shares to buy back in at a lower price later...Those posts are still in the public domain on HC. Who knows what else goes on in the email groups in private.

The fact is, GXY has made tangible progress over the past 12 months and the market has responded by not only allowing entry into the ASX200, but also awarding it as the highest gainer in 2016.

This capital raise was always on the cards as the last option as we have all mentioned numerous times - This is not new news for the GXY shareholders. The details will be revealed soon enough, but the general consensus of MT and LT holders is that retaining ownership of all three assets or advancing James Bay and Sal de Vida simultaneously would be favoured. May I add, that works on Sal de Vida will be starting in February..Oh wait..that's this month.

Make no mistake that GXY is now in an even more powerful position with lithium heavy weights from FMC, SQM and Rockwood on board. GXY management has been ticking the boxes one by one. Not much to complain about here.

There is a very real chance that all three assets will now be in production in the second half of 2019 generating revenue as planned, so please stop attempting to down ramp when the facts are crystal clear.

M92

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@M92 - this is the GXY thread, not another stock thread.
The posts here, by me at least, are relevant to Thesi's post, are they not?

See Thesi knows how long the LOM really is for the existing resource at Mt Cattlin, and is acutely aware of the time taken to bring a Brine operation up - what if there is a gap in timing, where there is reducing income and a mine under development? what if you dilute a fair whack for no income for 5 years from the investment? What if this CR is just to keep Mt Cattlin up and running? If your are satisfied with all of these question, you've got very strong faith in your investment.

Again - I hope GXY goes well. This morning you got a red flag from the maternal side of the GXY HC leadership. If I wrote that, I'd have my gloves over my face, on the ropes. Thesi wrote it, and no one has said a word.

GXY Price at posting: 59.5¢ Sentiment: Sell Disclosure: Not Held
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