GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Reports - December 2017, page-26

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  1. 1,380 Posts.
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    this is a solid report and i was satisfied by it.

    then i got the announcement from ORE... they are not only proceeding with phase 2 expansion but it has increased almost 40% to 25,000T/yr on top of existing 17,500T/yr plant.

    hopefully this might put a rocket up GXY managements arses. GXY and ORE are two of my largest portfolio holdings and they both have a lot of upside, but this GXY report doesn't really have anything new or exciting and the increased costs etc despite increased output are a slight disappointment as noted by others.

    anyway, my point is that GXY need to make some major announcements about accelerating SDV and/ or JB. I know due process takes time with permits/ pilot studies/ DFS/ financing etc but we are at a critical time in lithium and those that move fast will reap the rewards at the top of the cycle, while those who drag their feet will miss the best profits.

    I trust AT and the team but would like to see more rapid progress where possible, similar to the massive ORE ann today.
 
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