Ann: Annual Report 2016, page-48

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Ken_45

49 Posts.

01/04/17

14:33

Post #: 23789556
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Originally posted by 1912 ↑

Amazes me why those that don't own any stock - Alterego / Crash and others etc - continue to down ramp as if to continue to justify their position.

Simply put the bottom line is production from Mt Cattlin is in its early stages and from next month after the final 2016 order has been completed, we will see income derived at the higher US $830 per ton for 5.5% grade product (an increase of 38.3% from 2016 prices) and increasing to a record US $905 per ton for 6% grade product.

Production for 120k ton at the higher sale prices has been locked in per a signed binding agreement with Mitsubishi and production guidance of 160kt for 2017 has been confirmed by Management - nothing more nothing less.

A once in a 100 year recent weather event created a "transport" problem for a few days with portion of the road and a bridge being washed away however I can confirm a new by pass road has since been built (prime bitumen) - a family member drove it two days ago and says it is magnificent !

And then there is Sal de Vida and James Bay (both 100% owned deposits) said to be the World's best being worked on to bring them forward to production in coming years.

Naturally the SP will continue to rise and fall, it is part of the Share market, however value is inherent and the SP will continue to rise in time as production continues and the Company delivers on its promises - there is a lot of upside value ahead.

People get irritated by sitting in front of their screens all day and watching the BOTS and others fulfilling their agenda - I don't bother, I wait for Management to continue on with their plans for the Company and watch the value of my seven figure share holding grow.

Happy days - GLTA.

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50,000 shares shy of 7 figures and average price of 9c lol.

1912, by responding to knockers, you are fueling their apetiate.

We are producing and have orders in place and our alleged rivals have only potential at the moment. How can a proactive and allegedly smart poster knock the progress and performance of last 12 months

Gxy is 50% undervalued in comparison to kdr and pls

GXY Price at posting: 45.5¢ Sentiment: Buy Disclosure: Held
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Ann: Annual Report 2016, page-48

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Helix investor makes partial takeover bid, proposing board changes

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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