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Prisoner24601

2,767 Posts.

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15/06/17

18:13

Post #: 25301124
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Originally posted by Thesi ↑

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.

View attachment 612609

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.

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Thesi,
As far as we know, nothing has changed for lithium demand going forward and nothing has changed for this Company. If you do decide to sell out know that there are many who are waiting in the wings for opportunities just like this to accumulate. If you have lost faith maybe better to reduce your exposure somewhat If the price rebounds or a t/o eventuates at least you'll partake in that. If the price continues to fall, you'll have some capital available to buy back in at lower prices.

This will bounce but who can say when.
Directors buying up shares will be helpful and give us an indication how much they believe in this Co. check out what Robert Friedland did for CLQ over the last couple of weeks.

Last edited by Prisoner24601: 15/06/17

GXY Price at posting: $1.55 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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