GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Reports -September 2016-GXY.AX, page-7

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  1. 1,658 Posts.
    lightbulb Created with Sketch. 2879
    Yep. I like it.
    This is a good blue print for one hell of a year coming up
    as Galaxy finally gets it's sheet together, and it's ducks in a row.

    I note that GXY plan to keep $30m wiggle room with the new loan restructure.
    Handy amount - SDV test plant is $30m and it would be good to see some Q1 progress there.
    8kt target set for Primero by end of November is a good indication of the advanced stage of the mine upgrades at this point, and how close we are to trucking a first batch off to port.

    Today was pretty damn good.
    This may have been the Good Monday that I was hoping to see to set up a sustained rally back to pre-Shortsville.
    I'd almost forgotten what Galaxy feels like without dragging the short dumpers.
    If holders can learn a bit of patience, see today as just a taste and starve the covering of easy supply then we'll get a good look at what 50m shares worth of short covering looks like.
    There is every chance we could ride this wave to a new high by Xmas.
    ORE and PLS have had their turn and they're not quite turning the same major corner as we are, transitioning from down-trodden spec into producer and price setter.

    Good luck everyone
 
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