The broader picture is that a debt of 1.6c per share isn't a...

The broader picture is that a debt of 1.6c per share isn't a tragedy.

I like GXY because they have been smart to own some decent assets and essentially outsource their operations of Cattlin and James Bay.

At this time GMM may have money in the bank, but the bit that has me considering offloading is that they still need to pay Galaxy to get in on Mt Cattlin and then more money to get into James Bay. That will require a capital raising or a loan which will be way more than 1.6c a share and take some time to be able to pay it down. There is no clear plan that I see which will make GMM cash flow positive in the near term where as Galaxy have limited the outlay that they will apply to Mt Cattlin and have SDV which is the Thor's hammer of assets when it comes to impact.