"I tell you the lt holders in gxy are pretty die Hard supporters. I really get the sense that a lot of us are in gxy for more then just an appreciating Sp but rather also because we believe in the whole ev and battery storage revolution.
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."
I couldn't agree more.
It's been tough, not only over the past 12 months but also over the past couple of days.
Sure we have seen the share price grow over 20% over the year but in the past few days the die hard supporters have.. well felt a little frustration and ended up venting online after the AGM. -Including me.
I've read pretty much every post over the past few days and haven't felt comfortable liking any of them because I just didn't know how to respond.
Over the past few days I have heard from not only some very passionate supports... But I have also heard from the company.
Both sides share a significant passion for the company. Including yours truely.
Over the past year I had some concerns as to how things were going, particularly when it came to communication and despite the ease that I might have to reach out and discuss with them I didn't.
That's my fault.
I also, didn't go to the AGM purely because I was not pleased with how things were going.
The worst move I could have made.
Not only did I let myself down, but I also let everyone else down including the company.
I apologise. I could have done much better than knowing a few people that were going and left it at that.
Had I been there, I probably might have suggested that the meeting continued and that those that didn't want to be a part of it to leave.
People had flown a very long way to get there and to only experience 1 hour with the company whilst there were so many questions unanswered was and still remains quite simply unfair.
I've been doing a little soul searching and trying to identify what could be done to allow retailers and smaller holders to feel more inclusion from the company.
There have been some suggestions made though hope and reality are sometimes two entirely different things.
Yes the company can do better, and they have acknowledged their interest in feedback and suggestions on how to turn things around particular from a small holder perspective.
Whilst I don't think that the final decisions rested with the smaller holders, we as a whole certainly make up not only promotion and support, but even though institutions hold a large ownership in the company they also have their eye on many other holdings which clouds their ability to know the finer details that you me and probably the company take for granted..
You mean you didn't know we own 12% of Lepidico?
You didn't know we partner with Mitsubishi?
Oh, so you like this company because they have down stream plans for production... Well let me tell you about our tolling.... Well maybe... Unfortunately the company hasn't discussed this in great detail.
I honestly believe that in the companies heart of hearts they are doing their best, and are probably stuck being unable to talk about what might be going on which is what we are being told.
The AGM revealed more detail such as the 40 companies down to around 3.
The discussions with German automakers.
And just today, not AGM related... Tesla making a deal for 25% of the KDR offtake also.
There are certainly some big names sniffing about.
Had we been a speculative stock with not much going for us I along with most of you and those that I have spoken with the past few days would have packed their bags and run for the hills.
But we are not..
Galaxy is a company with so much going for it, it is just unfortunate that it has never really found the way to present its particular future, but has been more focussed on... Have a look at all these fundamentals globally!
I can kinda relate.
Most realise the bigger picture, and, in some ways Galaxy had helped all ASX lithium stock grow across the board, not only with pricing but also information about the greater potential and where the world is headed.
We have been treated like that strange kid in the corner that hopes to go to Mars one day and will one day own his own electric car company which will draw redicule and contempt from other companies that are just set in their ways in politics and also the future the planet.
Galaxy is like that middle kid... Isn't exactly the oldest but not the youngest.. doesn't fit in anywhere. It gets laughed at from both sides yet admired when it helps it's younger siblings take their first steps.
We are almost half way through 2018 and if the rumours are right on something big by September then we have much to look forward to, but if by then we need to wait that little bit more then so be it.
Because it's clear.. there is something big on the horizon.
Anthony's reputation depends on it.
If you want to examine a deal he did as a good example, the company owed hundreds of thousands and was only worth a couple of 10s of millions with only $50,000 in the bank..
Yet he made the company debt free, turned things around and we are back on track.
I'm not trying to say don't be frustrated with the lack of communication... I am, and I am here with you..
Don't expect that to change any time soon, you're stuck with me.
I guess what I am saying is look at the great things of the past as much as you look at the bad, just to bring a little balance.
I think we will be just fine.. even if we have a grumpy old headmaster as the chair..
It's great to have a little character around the place.
We are a company with $100 million free cash flow and no debt with Sal De Vida one of the best lithium assets on the planet.
We have Lepidico as an investment.
And probably the best managing director on the lithium scene in Anthony Tse. - If over we could get him on camera more often keeping us all up to date.
All is not lost, and sometimes it takes just that little reminder to reevaluate what you are and where you are going, but also what you need to change to make things better.
If anyone has any suggestions that they would like to put to the company let me know. As long as they are reasonable I will certainly put them forward.
Look forward to hearing from you all.
