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G1A

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5.9¢ galena mining limited

5 Bagger Thread. Fundamentals and Opinions, page-1731

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FireflyOne

967 Posts.

636

06/08/21

12:52

Post #: 55084479
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Originally posted by prhb: ↑

The fundamentals for this company remain firmly positive

LME Lead price highest for about three years.
LME Lead stocks lowest for roughly five years.
Great JV development partner
Fully funded.
Project underway.
Forecast to be Lowest cost and highest purity Lead in market.
Sixteen year mine life.
Large resource
Great exploration potential
....add your own observation

Yet, with Diggers & Dealers out of the way, sellers outweigh buyers again.
And the price starts slipping.

I think AM did some excellent things for G1A, but to my way of thinking the Board and management have consistently rewarded themselves too highly for where the company sat in it's lifecycle.
They have also not got much in the way of actual successful transitions from explorer to producer behind them.
I believe that the investment community looks for these kind of historic performance metrics in determining whether to fully get behind a company like Galena.
Management have their fingers in other pies - so how are these companies performing? (KWR shares more than one director, Ironbark Zinc had Jonathon Downes, there will be others that posters know about). From my reading of the performance of these other companies, not so great, apart from making sure they get their personal rewards up front.

In the fullness of time, providing that project execution is as forecast - then the price must re-rate to reflect project economics - but in the 18 months before production I believe the share price will in larger part reflect how the investment community views management.

In short, I don't think we will be getting any free ride from the investment community - they are waiting to see.

Happy to read contrary viewpoints, as I am ready to acknowledge that I'm a bit jaundiced, so maybe not reading correctly.

Expand

Hi prhb,

On paper this is a great Company,

Like minded I want to see this company to start hitting targets moving forward with management keeping us informed as we advance the build.

These are solid targets, this company will build value if we meet them, time has come for the bull shit to stop and get this mine built.

Q3 andQ4 will make or break us

By the middle of 2022 this should be a different picture.

all the best

FireflyOne
The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

G1A Price at posting: 26.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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