It is visible that Galaxy management is a pure failure. It failed to preserve shareholder value and destroy the company’s future. They have been able to create a misconception in market that Mt Cattlin mine is a write off. They bought Lithium one without thinking their ability. The situation can be described in other way, the management is working for particular mission, buy reserves worlwide then make the company bankrupt and at last sell it as cheap as possible to a particular country. I don’t see any further hope. I am afraid it is going to touch 20 cents which represents only value for Jiangsu plant.
GXY Price at posting:
10.7¢ Sentiment: Sell Disclosure: Held
