top buy for next week, page-7

echucavillagekid- you previously posted the follwoing -

"sugadante,
there is nothing inferred by GXYs presence as a shareholder bar the fact that they floated GMM and have retained part of their float interest.

i beg to differ from your previous comment after careful consideration on galaxy resources and the amount of capex and funding they require for a lot of their lithium projects to get into full production capabilities -

having realised that galaxy resources 5 million shares was from their original float in gmm, nothing was to say that they wernt able to drip feed the market when gmm was in the mid 20's range to make a healthy profit from their original entry at 20's - at the end of the day,companies on the asx- especially gxy resources need cash to survive and especially with the amount of funding needed to get a lot of gxy's projects off the ground, they could of easily sold out of their shares in GMM to place towards their working capital-

having conducted two most recent capital raising and funding agreements, its clear as day that GXY obviously as most of us would much rather be in on GMM for the potential blue sky ahead then to be out on the sidelines - seeing them stay on board and hold their original shares is a sign of confidence for my moneys worth- however little sign of confidence this must be but talking about getting confident- about our shoemaker prospect - i seriosuly suggest new faces to this share of even long termers forgetting how transformational this drill bit on w/c may 15 can be to gmm to null over the announcement from gmm from the 1st june 2010 8.24 am release - of particular note, have a look at

a) how impressive those fe% results are- definantly looks very encouraging that a significant iron ore deposit could be discovered at shoemaker with a very impressive set of numbers for a greenfield exploration project

b)feast your eyes over page three and zoom in further if you need more evidence that those images of the outcropping mangenese mineralisation looks as if it is just coming out of the ground- very impressive even from a non geologist set of eyes- looks exciting-

maybe entree until the real excitement begins in the uvs basin mongolia when we see if we can be the next asx potash darling stock - happy holding -