GXY 0.00% $5.28 galaxy resources limited

Galaxy... GXY... Chart..., page-67

  1. 374 Posts.
    I agree somewhat STS. I am disappointed by management, there's no doubt they've underestimated the timeline to get the fines circuit built. But as an oil/gas project worker I know project delays are status quo vs management expectations.

    I'm also sure they've been massively blindsided by weather. The wettest winter in Ravensthorpe in 50 years. Organising specialists (engineers, coded welders, etc) for remote construction is hard enough, harder to organise when weather contingencies are at play. Progress does not occur in the wet. Hotwork certainly doesn't occur in the wet. Not in 2016 with modern OHS regulations. Seems like these teams have simply not have not had long windows to make progress when they've been on site to do so.


    Either way, not a good look, and the share price is reflecting that.
    Last edited by Ravenhaller: 09/09/16
 
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