Ann: POSCO Transaction Complete, page-267

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27/02/19

09:24

Post #: 37581560
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Originally posted by Metalduster: ↑

The problem I see is Mt C. Its the producing mine and Management are not informing the Market on any material matter related to it that may impact the share price as per the rules of the ASX. imo

From June through to December last year there were a number of issues surrounding M.C that could/should have been notified to the Share Market other than at the end of the Qtrs and saved "Buyers" from buying or adding shares at times on the way down from the Highs. I know it would have saved me but though sh#t to Shareholders it seems . By not informing, it plays into the hands of the Shorters in those circumstances and imo suggests the "Shorters" may have known of the Problems before the Market?

Now from the Open Briefing and/or the Qtrly...... Management state that Production for the Jan/Mar Qtr will be upto 45 tons
...."Galaxy is targeting total spodumene production volumes in the range of 40,000 dmt to 45,000 dmt in Q1 of 2019"
and
"The improvements in recoveries and production rates are expected to be realized starting from Q1 2019."

Is that going to happen? or will we be informed during the Qtr if it cannot be met.
Management and "others" will know one way or the other but not the Small Shareholder. imo

All thats needed is proper disclosure............Good or Bad.

Note : I know its a crooked game but ....................

Md

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The "others" would be like that analyst during the conference call that told management he would ask them other questions AFTER the conference call.

GXY Price at posting: $2.23 Sentiment: Sell Disclosure: Held
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Ann: POSCO Transaction Complete, page-267

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