Few things I can say after looking at the way SP has been moving for last month or so and today's quarterly:
1. Shorters in Galaxy have more knowledge on how this company and management works and this is quite evident from more than 15% of shares currently shorted. Especially the increase in level of shorts in last 2-3 days suggest they knew what the quarterly was going to be like today!!!
2. Having a world class asset is not enough. Management also needs to know how to maximise the benefit for shareholders from it.
3. If other Li producers are going out and doing the deals one after another, why is GXY management lagging behind?? Management saying that they are after world-class partners for SDV/James Bay and that's why its taking long doesn't make sense!!!
4. Looking at the quarterly and snail pace progress at SDV, I personally think management doesn't deserves 30% pay-rise and options at throw away price!!!
I am losing faith in management.
This is purely my opinion.
DYOR
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