GXY 6.40% $3.51 galaxy resources limited

Effectively I think you are both pointing out the same thing.GXY...

  1. 536 Posts.
    lightbulb Created with Sketch. 39

    Effectively I think you are both pointing out the same thing.

    GXY have to show the broader investment community that they are capable of delivering their commitments, whilst running an efficient and reliable business. To date they have not shown - regardless of whether they are actually been achieving this - that they are doing this.

    Through their policy of less information is better, they have well and truly enabled the doubters and hence shorters to exploit the SP and allowed negative speculation to blossom.(Although the share price means very little to a developing organisation unless they have to raise funds!) It is so easy to turn no news into bad news and even easier to turn delays, postponements and deferrals into poor management performance - until proven otherwise.

    Such a corporate mentality unfortunately often means bad or unexpected news is delivered buried in quarterly and other statutory reports requiring careful analysis to extract - leading to ambiguous communication - which then underwrites an exacerbation of the problem.

    Until 'acceptable' performance and results are soundly announced, I unfortunately think we best get used to the current market situation.





 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.