GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Update-GXY.AX, page-127

  1. 634 Posts.
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    what I am saying here is the 'unexplained downdraft' in Galaxy...and the rest of the small lithium producers were affected by the Galaxy delay....and that downdraft was orchestrated by a few banks and large shareholders that had 'advance' information on Galaxy's delay and determined that it would affect the whole Australian lithium sector. Because, after all, it is a small group of people financing and running these companies. Whether you think it is a conspiracy...or just opportunism...it happened and it is documented now. So the next time a company in this sector....is late with production goals...dilutes their stock...you can be assured that the guys in management and the ones who are helping them finance their operations are buying and selling at your expense. They will sell before you...and buy before you. The end result is your chances of making money with any of these stocks is predicated on the markets being so forgiving...that even the crooked antics and ineptitude of management is not enough to torpedo the future of the lithium market. In its (either calculated) or stupidity in forecasting the mining, processing, and shipments from Mt. Cattlin, the company will probably manage to turn the sows ear of incompetence into a silk purse of success given prices for spodumene will probably be higher next year than this year. So...is it crooked genius or just crooked ingenuity?
 
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