GXY galaxy resources limited

What's the problem?, page-3

  1. 3,137 Posts.
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    It maybe worth noting previous Tianqi Annual Reports have been released  earliest 26/3 latest 22/4, so may have a long wait to go still, that's what the below link is telling me (however could be wrong).

    http://quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=002466&country=chn

    The selling (yet to be confirmed) of Jiangsu Plant is a great outcome and to achieve 230mUSD is amazing. This company was dead otherwise. I believe unless the Major Asset Reorganisation law changes don't come into effect in the next few weeks everything will be realigned (dates wise) to the Annual audited Accounts of Tianqi. March/April. (Sale completed MAY hence previous poster mentioning one year). I don't believe either company is acting inappropriately in this deal, it just takes time in China to do deals, I still believe the deal will go ahead that's why I have a large position at these very low numbers, plus this company has some great assets including Mt Cattlin which I still rate.

    I believe the Iggy years will take longer to correct than most people wanted, we should never had gone for vertical integration (dumb idea) we're a resources company. The Options expiring was the best thing to happen for long term holders for a long time,

    Current views:-
    I'm Buying
    The Sale will be completed
    Sal de vida will bring good news soon (hopefully via JV)
    Mt Cattlin to restart or sell (back end of year)
 
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