And the winners are
@Bron and
@Upstart777
One of the songs Anthony Tse mentioned to me was Viva La Vida. - I guess that might answer some of the speculation that Galaxy plan to sell Sal De Vida.
Interesting lyrics also..
"And I discovered that my castles stand
Upon pillars of salt and pillars of sand"
Hi
@Misschow, I have noticed all that you mentioned and whilst the company was kicked and ridiculed there is no greater thing than actually producing something.. - It's from that which Galaxy have grown some very nice long coat tails that even those that have historically put the company down now wish to ride on those very coat tails of success.
@Jehosephat can confirm that one of the points that Blackrock made to the company was the concern of so many projects that Galaxy already has, however Martin Rowley explained the benefits.
Galaxy may pick up other projects however the likelihood of it being BGS I would say is as remote as Tom Hanks was when his only friend was Wilson.
Wiiilllsooon! <-- Those that know the movie would have just said that :)
I don't want to get into a campaign of putting down other stocks.. People invest their hard earned within them. I am hoping mostly based on charts than any fundamentals.
We can all expect to hear and see other posters trying to get onto the Galaxy train.
The question I have is why bother picking up other companies unless there is a significant strategic advantage?
Galaxy have plenty of feedstock available for Mt Cattlin surrounding them in Ravensthorpe.. TKL have a 20% holding of tenements to the north, some of which historically show copper and gold.
Not being technically minded in the capabilities of Mt Cattlin, I have always wondered if the new equipment is capable of separating and filtering more than we are aware.. The upgrades last year where quite over the top I have been told. - Makes me wonder..
Most stocks still need to go through the pain of many capital raisings and approval processes before they are able to design and build their money making machines. Until then it's just chasing charts and hoping for the best.
There are two companies I would be interested in seeing what could occur by way of a merger and those would be PLS and also KDR. - The rest I am so sorry if I offended anyone but I just don't see it.. Even those two mentioned above are unlikely but it would certainly rattle some cages.
The one thing I have always admired about Pilbara is their ability to promote their company despite the adversity they have experienced.. It is probably one of my only disappointments about Galaxy.. Iggy Tan was good at doing this.. Maybe Iggy might be good for BGS? But would he do it? Probably not... The moment Michael Langford departed they had to place it into a trading halt.. Unlikely in my opinion for anything he had done.. It's been commented to me that he left because he didn't like what he saw on the inside.. As for if that is true it is only something he can answer. When I heard he was making a play to join the BGS board I looked into BGS I was very surprised that he bothered to put his name down.. Possibly it was to help his friend get in.. Again, I don't know, I am just speculating.
So we go from BGS to discussing Michael.. Whilst I don't agree all the time with him, I respect his ability to promote. - No matter the side of the fence you are on you at least have to acknowledge that remarkable ability he has. Personally, I have said to him that I am disappointed he didn't front an Australian lithium company.. - At least one in a location where its not needing to be flipped to the Chinese.
I do think that BGS holders might regret appearing somewhat greedy and rallying against the offer that was made.. Though I have sometimes wondered if it might have been a card used to destabilize.
It is with absolute sincerity that I feel sorry for their investors.. Locked into the stock and unable to move.. Comments I have seen is even ASIC is looking into it.
Would Michael Fotios be interested in BGS.. I'd be very surprised..
Would Galaxy? - If they did and do execute something I would need to see a very good explanation to be satisfied..
Anthony Tse at the AGM and in some conversation with me has expressed his desire to unlock value for the shareholders. - How would acquiring BGS achieve that?
Though if we were to talk about PLS and KDR there is the potential to realise more revenue sooner whilst also possibly adding a bit more street cred. - The majors would begin to look very closely at Galaxy and make an offer that would have all holders smiling so hard that their lips touch their ears.. :) <--- like this earless character. :p
