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$5.28 galaxy resources limited

Ann: Quarterly Report - March 2018, page-38

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23/04/18

09:45

Post #: 32620717
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Originally posted by yanlin ↑

I'm not sure why there are so many negative comments this morning. Why would a company go out there and tell the world (i.e. competitors, predators, customers etc) every last detail about their operations?
They are giving us more than enough information to form a view about the value of our investment in the company.
They also give a clue about how Q1 should be viewed with this comment: ".....we are beginning to see the emergence of seasonal trends in both demand for lithium-ion battery products, such as electric vehicles, as well as in lithium pricing." This seasonality is also being reflected in production with (no doubt) a Christmas/ New Year shutdown to be taken into account.
Back on to the negative comments, if an investor does a little bit of work they will realise that GXY is generating plenty of free cash which they will look to deploy back into the business. This is where the payback will come (to investors). It's not rocket science, it is a game of patience.

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I’m was iffy regarding what was revealed in the project updates, but the Industry & Market Update is very positive.

GXY Price at posting: $3.03 Sentiment: Buy Disclosure: Held
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