GXY 0.00% $5.28 galaxy resources limited

I reckon PLS should shelf their plan for Stage 2 and 3...

  1. 495 Posts.
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    I reckon PLS should shelf their plan for Stage 2 and 3 altogether.
    Too greedy and overly ambitious; waging an all out war to destroy the lithium market.
    Couldn't get Stage 1 right (production wise), heavily in debt with high interest loan and diminish margin.
    With the big push and progress to date on Stage 2 and 3, looks like there is no turning back options, may have force to sell / auction off 49 % of the company to survive.
    Very risky business model.
    Decent company to acquire in fire sale scenario.
 
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Currently unlisted public company.

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