Share
2,733 Posts.
lightbulb Created with Sketch. 392
clock Created with Sketch. 28/09/16
12:30
Share
Originally posted by nrcmedia
↑
Here is the problem with entitling a thread "DOUBT NO MORE"...is that it gives false hope with no change in the fundamental operation of the company. As much as I liked Anthony's approach to this debt reduction and reinvigoration of Galaxy's mining operation....it has pretty much been a money maker for management and GMM so far. Not sold on the dilution from 1 billion shares to 1.8 billion currently. The takeover of GMM was nothing but a well disguised stock manipulation and selloff for the top investors and those savvy enough to get out as the tide seemed to turn. If we haven't suffered enough over the past month or so....there is no good news on the horizon for junior miners despite what Joe Lowry thinks. I really like the idea of lithium...lithium batteries....etc. Everything lithium is the new oil...or should I say the old oil is becoming the 'new lithium'. In a few years you won't recognize the Australian lithium business because it will be part of the worldwide oil producers portfolio. Unfortunately all of us shareholders in these junior miners like Galaxy are going to be caught holding the proverbial bag. You see...the way it works...is when the stock is manipulated higher....retail buyers rush in trying to catch the profit wave....but instead of taking their profit they hold on for the big score....that never comes. The stock tops out while all of the insiders and knowledgable holders sell....and then starts the 'slow' insidious downturn. The retail investors hate to let go of their 'big chance' to finally score because they made .10 a share when the thing rocketed..but now the slow reversal is not enough to scare them and they rationalize about how things will work as soon as the production gets ramped up...etc. Well....what actually happens is there are these annoying delays that set back things a couple of months, but the true believers convince everyone that it is just a matter of time. The ugly part about this story is that it gets repeated so many times in so many different industries that people never really figure it out. Remember the 'marijuana' stock run a few years ago when you would see companies go from .10 to .80 in a matter of a few months. Where are they now?? So next time you look at your portfolio and tell yourself that this time it is going to be different...just remember that as a retail investor you are just oil in the machine. So unless you bought Galaxy when the prescient were buying at .05 you can't afford what they are going to do to you. I liked this company so much last year,,,even though I knew it was part story and part reality. It has now turned into delay...sell...push it up...sell....sell...sell...buy....sell...sell....delay....buy...sell...sell.
Expand
Hi nrcmedia, You're painting a very gloomy picture here for us in this 'doubt no more thread!' With all of the reading I've been doing about the massive worldwide push for EV adoption, battery home storage units, and clean, green energy revolution, I feel that GXY will be positioned well in the years ahead, to be one of the main producers and suppliers of this much needed lithium. I also believe that what GXY will be doing will be sustainable over the next several years, and will be leaving its status of junior, as well as many of the juniors behind. For these reasons, I plan to hold my ASX 200 GXY shares, and give this investment enough tine to succeed. Time will reveal all, however, I can't think of another ompany in the lithium sector that I would rather be invested in as my main investment for the long term.
