GXY 0.00% $5.28 galaxy resources limited

Ann: Investor Presentation - Q2 2017, page-22

  1. M92
    392 Posts.
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    Can't comment on the exact details of the AGM as I wasn't able to make it.

    Based on the feedback from a couple of posters who were there, I did comment at the time that I didn't like the lack of focus on James Bay and Sal de Vida. I still don't get why on earth they chose to go for the Lithium 101 overview in 80% of the slides.

    I still maintain that view and management should have done better in promoting GXY at the AGM. Missed opportunity for sure and I agree with you.

    I only think Sal de Vida will be financed prior to James Bay purely because of the DFS timeline, ongoing drilling, and the fact that Sal de Vida has been in negotiations for far longer.

    Also, don't forget that James Bay economics are an unknown until a formal DFS revision made. Economics can only be properly understood and quantified then. Negoations can't advance until metrics are known after the full drilling is complete.

    M92
 
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