GXY galaxy resources limited

Question to ask tomorrow, page-5

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    more importantly in my opinon, where will the share price be tommorow?


    Lets see

    1) Netflix results have it trading up 10% after hours = US recovery and earnings momentum should keep markets positive

    2) GXY is officially at its 52 week low now, does our performance reflect a company at 52 week lows? = Manipulated share prices

    3) We are at the bottom of this technical wedge yet again, still waiting for something to break the wedge pattern but its clear we are at the bottom of an ever narrowing wedge = Low downside risk, significant positive side

    4) The quarterly will not be bad, if it was we would have known already. The only unknown is that recovery rate and i feel we are going to see a positive announcements. Here's the update from the last quarter 


    - "Construction of the yield optimization circuits at the Mt Cattlin Plant has commenced. These include an ultra fines DMScircuit, a secondary float re-crush circuit and a final product optical sorter. These productivity improvement projects havebeen implemented with the objective to increase overall recovery to a range of 70-75%, which in turn will result in an increasein annual production volumes to between 220,000 and 240,000 dmtpa. Construction and commissioning of these new3 GALAXY RESOURCES LIMITED - 30 JUNE 2018 QUARTERLY ACTIVITIES REPORTadditions to the process plant are scheduled to be completed during Q3, with the resulting improvements in production ratesexpected in Q4 2018."



    Overall, back in with short term positions (also have long term but holding that for the CGT benefits). 


    Going to be a stella day tommorow!

 
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