GXY 0.00% $5.28 galaxy resources limited

i not understand, page-15

  1. 1,335 Posts.
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    peter600...hard to say, isn't it? Say I work at the company doing the resource estimates and over a few beers at the local mention to someone that GXY's resource is looking great and set to improve. That person then tells his broker and BANG...the broker tells others and off we go. Is that insider trading? Probably not. Leaks can come from lots of places, and my guess is that a few people got wind of some very good news in time to get in before the news was released.

    I guess that that's insider trading, but in the scenario I just presented, there is no one inside the company doing anything illegal. I have spoken with various directors at GXY on the phone (and you can do that too! Just call them!) and each time I have been left with a confident feeling that these guys are straight up and down. They know what they're doing and they are not going to jeopardise anything in any way. Why would they? Too much risk and they are already involved with a winner.

    From explorer to emerging producer they will soon be producers. With that will come PROFIT and a reduction of debt. If they can increase their resource base, prospects get brighter.

    Just one for some others to comment on: Last year there was some speculation about another Lithium asset in WA. Could it be that GXY is going to eat them up? Might be credible, though I'm not spreading any rumours here. They've got the infrastructure set up now both here and in China, so perhaps the increase in resource and finance could have something to do with an acquisition. Any thoughts on that? I could be way off the mark here. Thanks in advance.
    ST
 
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