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$5.28 galaxy resources limited

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Funkmasterjimmy

735 Posts.

177

17/05/18

21:18

Post #: 33175420
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Originally posted by Bron ↑

We probably do deserve a little more consideration these days but I can just imagine tony and Martin under the pump with everyone throwing money at them now and these half billion dollar deals.
Part of me wants to be critical of recent actions but part of me also wants to wait and see what comes out in the wash before critisizing too soon. Time will tell but it is starting to sound like a beauty.

Hi Funkmasterjimmy, I’d be happy to go to the AGM, to see what kind of performance Martin puts on for us next year. The refreshments and gifts at the end sound rather good too. However, it would be good to be able to have the whole gang of Galaxy HC (past and present) contributors in the house, to make the event into a really great bash.

I really agree with the statement that you have made above, and a big part of my trading/investing philosophy in good companies like Galaxy is: 1) To practice patience, and if fundamentals are sound and improving, to 2) take a wait and see approach.

Whenever seemingly stormy events, or random market related anomalies occur, such as what happened with SDV and KORES several years ago, it’s helpful to understand, that this may have happened for a very good reason, and that there is likely to be something better, about to present itself in the works.

At least Management were able to keep 100% equity in the assets for as long as possible, and despite the CR, consolidation and the heavy shorting that has occurred, some very good money has already been made by holders, that were able to buy in @ a couple of cents, and holders that were able to buy in at the lows before consolidation. Short term traders would also have done well with all of the volatility, that it was thought that the consolidation might help to alleviate. However, this was also going to be a wait and see.

It looks like the management team, have done a good job of culling 40 interested companies down to 3-6, for the development of SDV, and have now needed to engage the services of JPM, to examine and aid a determination of the best way to proceed with the project. All eyes will be on the 2H, and it will be interesting to see what the final determination will be.

The times are getting more interesting for companies in the entire lithium sector.

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Ditto
Top post Bron and agree with everything you say. I think some retail holders from what I'm seeing have been warn down which is probably exactly what Instos have been working on and totally understandable. Protect your capital as I think it was crash that use to say. I'm a little more hard headed and sometimes to my detriment but hate being played by the Instos so haven't sold any gxy from accumulating since trump day. Anyhow everyone has their own investment strategies so full respect to all. I particularly agree with you bron about times getting interesting in the ev and battery sector. Definately feels like a vibe in the sector now across the globe. Hope to meet you next year!

GXY Price at posting: $3.37 Sentiment: Buy Disclosure: Held
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