Let's be fair Spankyham, the issue here is GXY and its business prospects and not other issues. It is always best to play the ball and not the man.
Despite GXY transitioning to producer and despite the prospects for Li been generally improving and despite yesterday's Sept quarterly anns ( the last qtr ann presumably before the commissioning of the carbonate plant) GXY's share price managed to drop in line with the general market drop.
The market expected info on the quality of the carbonate test run which was promised before the end of Sept and which GXY bought in factory li feed to make this possible.
The qtr report indicates that most of the cash from the massive cap raise in April has been already spent and that the Chinese debt facility is now been called on. This is a worry given that there is no prospect of earnings until well into next year.
The first two items on the ops report relate to GXY accident free record. Accidents are important and should be included in the ody of the report but one has to seriously ask for who's benifit are they listed as no 1 &2 items on the quarterly report. Surely an update on the Carbonate plant should be number1 on the Sept qtr ops report.
Had GXY reported a 99.9%+ carbonate result from the test result we would now see the share price $1.10+ today but it didn't and that is the issue for investors and not personal comments that do not relate to the stock.
Cheers all,
Moorookamick
GXY Price at posting:
21.5¢ Sentiment: None Disclosure: Held
