Hi
@Carl071,
I don't know what the circumstances have been. Maybe there has been a hold up that prevented them getting clarity on when they could access the port and that prevented them from booking ships. I don't know.
What I do know is that they have contracts with purchasers to ship a minimum of 200,000tpa spod. If they can't achieve that there is, I'm sure, a financial penalty. They would have to advise the market under continuous disclosure rules if something like that (not meeting the contracts) were to occur as soon as they become aware of it..
Ultimately, if the timing of cashflow has no effect on other aspects of the company's operation, then I don't see a need under the rules. It just gets reported in the next quarterly.
That doesn't mean that I agree with their communications philosophy personally, in fact their communications are very poor in my opinion.
I want them to make a serious effort to improve, but provided they keep kicking goals where it matters at this stage as a developer and junior producer, I don't see it as a concern that has a bearing on my investment. I don't need my hand held over the small stuff. It's just nice to know.
Provided they keep their eyes on the prize and get the best possible deal for SDV, leverage that for James Bay and turn the whole company into a downstream processor of lithium chemicals, I'm going to achieve my target.
I realise other people see it from a different perspective, and perhaps if I were a trader rather than a stock picking long termer I would see it differently. But in that case I wouldn't have chosen GXY in the first place, or if I had I would have given up on it early because I couldn't keep abreast of the day to day issues that may affect the SP over the short term.
It annoys the hell out of me though that it opens the door for immature people who get their jollies by spruiking garbage to come on here and create havoc. I feel for those they upset; and from a personal perspective, the chaos they revel in just clutters up the boards and detracts from sensible discussion and debate.
That's the reason I'm here. I've got shares in other companies, for the most part the posts on their forums range from the friendly and informative to downright dull and boring. One of them seems to only have posts when the reports come out, and then it's usually one or two posters saying they liked the report.
I've learned to accept that if I want to learn more about GXY, this is a good place to come, but it's vital to have a grasp of all that the company has said, in any media, to winkle out what's really going on. It's not the way I'm used to tracking my shareholdings, but it is interesting.
The GXY forum has quite a bit of well researched, relevant, material. But it also gets bogged down with arguments that seem more personality based, which is a great shame.
The thing that really gets my goat though is deliberate misinformation, and there's definitely too much of that.
Cheers.
