You guys that are worried that this is some huge conspiracy or cover up need to relax and take your tin foil hats off...
Not sharing the realised sale prices is a great move - why give away this information to the market? What value does it provide? A temporary boost to the SP? Then what? It is sensitive after all and is probably one of Galaxy's most important and valuable pieces of info that might be enough to give them an edge over others...
Surely "All sales were at the higher 2018 contract price.” is enough for most investors??
You guys can't make comparisons between Iron Ore companies and Lithium Chemical companies and the way they disclose their realised sale prices - these are much different markets and the way prices are set are by no way the same as each other...
This will sell down smalls on the open as there will no doubt impatient punters searching for a magic bullet for the share price... but ultimately a 2-3% move lower won't matter in days/weeks/months ahead...
We are making BOAT loads of money and we are developing two resources with our cash flow... Think about what that means when these other projects get close to production - we don't have to JV or sell big chunks of these assets to fund their development like other Juniors do..
If you want huge moves and a SP whipping round 20-30% a week go and look at the speculative end of town because GXY is no longer that... Hasn't been for some time... Slow and steady is fine by me...
Chill out - GLTA
GXY Price at posting:
$3.03 Sentiment: Buy Disclosure: Held
