GXY (ASX) Banter and General Comments

Originally posted by SplitFusion: ↑

Your post is both well organized and thoughtful. I am most likely in a different situation because thankfully I am still green on my GXY shares, I have dipped in recently with the freakishly low price tag, but not a lot, because as you say, you have to be somewhat skeptical of what is going on even if all of your research says the opposite.

I think the root of the situation is communications and clearly this is not Galaxy's strong suit. I agree that sentimentwill drive everything, but I tend to think it is more of a sector wide issue. If sentimenttowards lithium and EV's were better, then all of the lithium companies (good or bad communicators) would all rise.

Shorts are really not the problem. They have just as much to lose as the longs, some might say more because a long can simply hold and possibly recover whereas a short has to pay up NOW. What "is the problem" is investors who really have not researched a company and got in on a "hot tip" or a whim to make a quick buck and then can be easily manipulated to sell.

SDV is a key part of my reasoning that GXY will become a much larger player. I am very keen to know the facts about how and with who this asset will be developed, but I also have to accept that the same "quiet" people that did not tell me that there was a POSCO deal, but were actually working to my benefit, are the same people I am trusting to move us into a top 5 slot in the next 6 to 10 years. I have to trust my research, and be prepared to adjust if needed - having views from others (like yours) definitely is welcomed.

Go Galaxy Go.

Expand

"I think the root of the situation is communications and clearly this is not Galaxy's strong suit. "

IMO its a perception rather than a fact, once a Company moves beyond the start up phase and starts producing they operate from quarter to quarter like other mature Companies, with material news ,other ASX exchange requirements and presentations in between...I dont see any problem with communication just normal Company practise, they can get on with the job and we are guaranteed an update every 3 months....as they say if you haven't heard anything then things are proceeding as per the last update .

The last update was 3 Weeks ago in the annual report and was comprehensive with regards to SDV. the next one will be the quarterly next month , if there is no material news before then...

Cheers Whisky

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