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Galaxy Resources dilution or not?, page-68

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Gameplanon

3,934 Posts.

2069

07/02/17

16:15

Post #: 22432766
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Originally posted by M92 ↑

The cheer leader squad arrived a day later than I thought - Welcome nonethless folks.

Funny how exactly 10 months ago your beloved stock raised $100M of capital to "rapidly advance the project through to production". Can you all please all give us a run down of how things have been going over there? How is the production going? The permits? The legal dilemmas? Can you all tell us how significantly the capital raise has improved cash flow? What tangible steps has management taken over the last year? How could we forget the infamous Resolution 3? Any feedback would be much appreciated.

Please stop bagging out 'competitor' Aussie lithium stocks if you are all genuinely interested in your fellow investors doing well. Input is 100% welcome here as anyone else will say, but the tone of your "inputs" and timing of them suggests that there is a bias. Why do you all come out on the day there is a 1-2% breather for the day or when there is a trading halt? Funny that no one was around when the first delivery was made, or when the US $1.4bn NPV for Sal de Vida was announced...

It is not difficult to see that there are a few influential posters on the other side who accumulated their stock in the single digits, and are now in a position of power through social media, HC, or email groups which "influence" the remainder of the retail shareholders away from other successful stocks. Also, none of you have the right to call out any poster here when the "influential" posters on the other side were pumping the stock at 87c, telling other retail holders to keep buying, when they were actually selling their millions of shares to buy back in at a lower price later...Those posts are still in the public domain on HC. Who knows what else goes on in the email groups in private.

The fact is, GXY has made tangible progress over the past 12 months and the market has responded by not only allowing entry into the ASX200, but also awarding it as the highest gainer in 2016.

This capital raise was always on the cards as the last option as we have all mentioned numerous times - This is not new news for the GXY shareholders. The details will be revealed soon enough, but the general consensus of MT and LT holders is that retaining ownership of all three assets or advancing James Bay and Sal de Vida simultaneously would be favoured. May I add, that works on Sal de Vida will be starting in February..Oh wait..that's this month.

Make no mistake that GXY is now in an even more powerful position with lithium heavy weights from FMC, SQM and Rockwood on board. GXY management has been ticking the boxes one by one. Not much to complain about here.

There is a very real chance that all three assets will now be in production in the second half of 2019 generating revenue as planned, so please stop attempting to down ramp when the facts are crystal clear.

M92

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Well said M92,
The intentions of those guys are so predictable, they remind me of a pack of street dogs who prey on the weak. The lengths some people will go to just to make a dollar never ceases to amaze me.
If I listened to all those same guys, there is no way I would have bought GXY @ 46 cents then another large parcel @ 36 c.
I let my GXY gains speak for me.
I guess the moral of the story is do your own research and definitely don't rely on any persons/companies advice!
Always ask yourself why non GXY holders come on here and warn you that the sky is about to fall in. Is it because they are super nice people and very concerned about your investment??????

Good luck to all GXY holders and all Lithium company holders.

GXY Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
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