GXY 0.00% $5.28 galaxy resources limited

Shorters can only strive if the company is consistently under...

  1. 495 Posts.
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    Shorters can only strive if the company is consistently under performed and under delivered, many die hard may not agree, but the reality is the management did let the shareholders down on many, many fronts, long production delay, empty promises of funding from Directors, prolonged and delay sign up and receipt of 2nd prepayment, long delay of SdV DFS, late disclosure of imminent production delay and mismanagement the production development.
    If Primero were engaged right from the start (even at a big premium) we probably have started production / shipping months ago and the shorters won't be circling or subject to Macquarie negative attack.
    Having all the bad stories and bad form behind us, I hope the Contractor achieve the incentive threshold for November and December target and start shipping without any delay and further improve the production (in both quantity and quality) in order to justify higher SP as valued by Bell Porter and others in the market place.
    SP of above $1 by early next year is possible at current US $600 per ton rate if we perform, and could propel higher with the imminent increase of concentrate rate to US $800 or $1000 per ton for next year shipments.
    Be patience and hope the management kick goals this time.
 
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