GXY 0.00% $5.28 galaxy resources limited

Just some thoughts ...., page-8

  1. 8,739 Posts.
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    Benj, yourself and others have raised a very valid point.

    There were plans to build a battery factory and money spent on that dream, then all of a sudden a rapid decline in the Jiangsu processing facility after the acquisition of Lithium one.

    There has been no explanation why the plant went down hill so rapidly after the acquisition of Lithium one where there was an underlying partnership going back to James Bay.

    It's been like a game of chess with constant calls of check and eventually a checkmate.

    At this time the board continue to receive remuneration of around 300k per annum plus bonus and shares / options which no doubt they sell to boost their own profit for a company that hasn't produced a profit in the whole 8 years it has been listed on the ASX however has been providing millions of dollars in remuneration to management and Administration staff. Along with anyone they deemed fit to add to the payroll for really no reason.

    Let that sink in. This company has not produced a positive cash flow in the 8 years it has been listed.

    Where has the money been coming from? Who has benefited from this whole ASX listed and monitored company?

    The only shareholders looking at the share price movement are those that jumped out at the top or played the bounces.
    Last edited by Thesi: 17/02/15
 
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