Chart, page-10728

Some thoughts:

The market has been moving side ways in a range bound, DOW has been trading between 24,000 to 26,000 in the last few weeks. The market used the uncertainty of the trade talks to go for correction before the next leg up.

looking at the followings:

DOW index was up on Friday above 25,000 and our SPI future indicating a green open on Monday by 25 points, obviously more or less depending on the G20 dinner statements from Trump and Xi. GS whom I don’t trust predicted on Thursday that what comes out of G20 will intensify the Trade war ( our market was sold off for big players to scoop all the shares from weak hands). Monday will confirm what I am talking about.

Galaxy has lagged big time and all the material impact of the news has not been factored in and IMO, once the last hurdle of trade talks is passed, Galaxy will be one of the few stocks to skyrocket, others will be like LNG whose off takers are waiting for things to settle down between China and USA.

Global investors want some clarity about the trade talks, and once there is positive outcome, things will move in the right direction. The G20 is in Argentina and investors will be looking at potential growth projects in the host country and Galaxy will top all the projects.

I am expecting a Tsunami of news from the company in December and strong market reaction timed with celebration from the positive outcome of G20 and Christmas.

To make you all feeling good, when you put your money in the bank and earn around 2 percent interest, you don’t see to be frustrated and complain, rather waiting for a cheque end of the year. How about having the same approach for Galaxy, give it a year and see what happened. The reality is, Galaxy has not disappointed anyone looking to hold until his target is achieved.

I have mentioned my story before, bought 100,000 shares at an average price of $2.91 and saw a paper loss of $83,000. I turn my disappoint into a positive experience and bought 50,000 parcel at 2.17 and and 50,000 at 2.43 and sold these two parcels at a profit of $45,5000. 

I am still holding the 100,000 at 2.91 and added another 50,000 at 2.63.

The reality is the company delivered on its promises and we got POSCO money which will be used to build a low cost mine. I don’t worry about parking my money in Galaxy, cash flow positive, debt free, it’s produc in huge demands and more mines in the pipeline.

it is not an advice, but investing in Galaxy is safer if it is your own money, bad for people who are doing margin lending because of market manipilation. That is the key to fight the shorters. You don’t need to sell if they drive the share price down rather buying more and that will fry and disappointment them more. The shorters make their money from the weak hands forced to sell because of margin lending or financial stress

Jusy my thoughts, not an advice.

cheers, Sydney