It appears to me Galaxy is trying to do and be everything at once and I don't like it. A mining company, a Lithium carbonate producer, and now add a manufacturer of battery packs to the list.
History tought me experiments like these tend to go wrong. As we've learnt just recently, their plan for opening the Jiangsu plant had to be postponed by 5 months. By now. Should this turn out to be the only trouble we're running into, fine. I'd be very happy with it.
But yet another major project? I'd prefer to do it the old-fashioned way, step by step. Get the Jiangsu plant up an running smoothly and as quickly as possible and AFTER THAT turn to the next project. JMHO.
GXY Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held