Galaxy is basically back to the same share price as it was in April 2016 before they commenced production.
It's like every single announcement or improvement even the 2017 lithium pricing has been wiped from value in the stock.
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Back at the 2016 AGM the company was talking about getting Sal De Vida on track, and since then the progress has been minimal. They went to James Bay to do some more work, but still there is no DFS from the company.
Since April 2016, the improvement to shareholder value has been ZERO.
It's difficult to see any reason to continue investing in this stock... than to hold and find a nice exit on the rebound.
It's a tragic disappointment.. and I am left wondering if anything could have been done differently to improve investor return.
The consolidation has been for no apparent reason and it is sad that management didn't have a plan once it was complete to sweeten the moment.
