Howdy Asf,Appendix-3 indicates 800.7mil shares & 322.5mil...

Howdy Asf,

Appendix-3 indicates 800.7mil shares & 322.5mil options (GXYO) come as freebies from the recent SPP. These options when exercise in full by Dec 2014 @t 8c will make up 30% of the company equity.

Hence, GXYO is a good leverage "8c strike call" instruments for any one to hold at no cost. Great for TO play in the future without being noticed.

I guess, you need find out who are the major options holders when the SPP placement is completed ?

As for the future takeover ?: Well its all in the name of REEs supply market control for future China's smart industries. China has been a key market supplier and controller of REEs. This situation will change when other major players like Lynas (LYC) come into full production by 2015.

Every production volume from China do count, including Galaxy, which is more or less controlled in China.

Do you think they would let Galaxy fold and being taken over by others western competitive suppliers ?. No way...

China banks could easily take over galaxy now as creditors, but they haven't, simply because it's a too obvious play, and bad for business reputation :)

You have to wait for a year for this to play out in 2014. So be patient to see 20c+ easy. Better still if you do hold free options. I've got some today..

You will see CXYO price trading up well in relative to the head...

Good luck..