I am sorry it's taken me so long to reply. Life just gets so busy.
Definitely can hear where you are coming from. It would be nice to have some more near term catalysts to drive the share price upwards.
Maybe you can understand my perspective when I wonder what happens when the company holds 50% of its market cap in cash meanwhile still producing from one of its assets millions of dollars more each month.
Whilst the company has said they envision using that capital to fund Sal De Vida, there is no need for it all up front. Besides, neither you nor I know what is happening with the JP Morgan deal, though we can certainly speculate and that's what the stock market is. Just one big futures market. Though at the moment you would be forgiven on the face of it to think that the future does not look bright for this little company. Maybe you will be right and we will hit below $2, though I am not selling as I don't have anywhere else to be. So I'll just hold on to my crash bags and fall down the mountain whilst you and a few others laugh at my expense.
Ahh, it's great to look back at old family footage.
Speaking of old family footage, that video reminded me of Anthony's Podcast with Joe & Emily that was released this morning discussing Galaxy's past.
And speaking of future catalysts he does give away a few in his explanation of where Galaxy has been and where it is headed. For the Lepidico folks there is also mention of them.
Initially when I listened to it I had thought, surely there was more that could be said about the company, but then after listening to it another couple of times I realised that Anthony was trying to deliver a message. It isn't so much a message for Galaxy, but maybe it is a message for investors in peers to understand how difficult it can be to get to the position we are in with shortly to be +$450 million in the bank whilst also being debt free.
The explanation of the sale of Jiangsu coupled with the answers in Galaxy's recent podcasts give a clear indication as to where the company might be headed in the nearer term.
Joe recalls the quality of the production from Jiangsu being some of the best he has seen. -We have been there, we know how to do it, and we know the pitfalls that can confront us if not done right.
With the market being down so heavily would it be easy to raise capital to be able to do the things that many of the peer stocks are promising or hoping to do?
Is the a potential that our war chest will assist Galaxy in delivering the near term catalysts you seek?
GXY Price at posting:
$2.13 Sentiment: Buy Disclosure: Held