Just in time for International Roadshow and sales spin by management. I would like to see how the Sal De Vida 90 day option transpires in the next week, but surely the KC consortium doesn't have to wait the final few days to make a decision as everything points to a very profitable operation...why the wait by KC ???
Reading page 15 of prospectus I note is advises "Galaxy will reserve making a final investment decision on Sal de Vida until Jiangsu Plant operation is cash flow positive". Page 14 of prospectus indicates they expect Jiangsu Plant operation to be cashflow positive by 2013 Q3.. going by their monthly output to date Q3 (end of Sept) may be out of reach already!
I'm not convinced why I should put more good money into this circus..there are other good investment options that I and many disgruntled holders would be worth pursuing and not feel like we have been taken for a another ride.
GXY Price at posting:
7.8¢ Sentiment: Sell Disclosure: Held
