GXY (ASX) Quarterly Report

Originally posted by Ridered ↑

I think everyone is over reacting. They could be better at investor relations but there are several companies that do the same thing. They are kind of vague on what's going on with their company. As far as SDV it's not like going out and buying a car. There are so many things involved in that for both sides of the party. How much of the ownership they would want to give up and for what price. And the reciveing party has to make sure that once there is a price put on what the merger will cost they need to make sure they would have funding and that the assets are worth what they are paying. There is no way they are going to let it sit there with the lithium market in full force. I own a construction company and it's unbelievable how many things can tie up your time very quickly. They are on the right track. That's what I'm going with until I see or hear otherwise. There has been major volatility all over the market. I was surprised that GXY was very little effected by it. I guess it was finally it's turn for a little volatility. Hang in there for a great ride. Lithium will be the gasoline!!!

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I can appreciate your opinion however they have had 5 years to work out an agreement along with the past few years since the DFS. - If the place is so good, why did KORES walk away?

Why would any company want to buy in when you can buy one of these Salar's for $5 Million and go it alone?

The preliminary economic assessment outlines an operation producing 15,000 tonnes lithium carbonate per year and approximately 51,000 tonnes of potash (KCI) annually, with the option to increase production to 25,000 tonnes lithium carbonate and 85,000 tonnes potash per year.
To date, over CAD$19 million has been spent on the project, including extensive exploration and definition drilling, pump tests, seismic & gravity geophysical surveys, basin and solute transport models, all of which collectively account for the bulk of work towards an updated pre-feasibility or feasibility study on the project which is still to be completed, according to Aberdeen. http://www.mining.com/argentinian-lithium-potash-project-sold-for-5-million/

The value of SDV is questionable with no development plans. - It leaves Galaxy no better than GMM and with many multiples of the number of shares in market.

Flagship SDV