GXY 0.00% $5.28 galaxy resources limited

rare earth project, page-4

  1. 1,697 Posts.
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    moor,

    I have to disagree with almost everything you said, as usual it just does not add up.

    'If the mine & the carbonate plant are not profitable then there will be a massive lack of investor confidence in management and investors are unlikely to sink more money into the battery or rare earths' projects.'

    What part of this statement is not contrived or misleading. Imo none of it. Investors do not 'sink' any money into a battery or rare earths project for starters, the company does(GXY). The GXY shares are being traded not sold directly by the company unless they buy them back and resell them.

    Also an 'if the sky falls on our heads statement' = contrived.
    'If the mine & the carbonate plant are not profitable then there will be a massive lack of investor confidence'

    'GXY has been tardy in not supplying Mt Catlin costs & margins and one can only suspect that the result is not favourable'

    Contrived, made up out of thin air. Did they not just start mining it within the last year? I cannot recall when mining started but give them a chance.

    Discloser: i hold a small parcel of shares.



 
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