Member Info for sniffer78

http://hotcopper.com.au/announcements.asp?id=559123

http://www.asx.com.au/asxpdf/20130510/pdf/42ftcdj23gbszf.pdf Plant now running at 60% produced 650 tonnes of lithium carbonate at $6,500 GXY cash flow positive, so looking like next couple of months of ramp up are going to be exciting, looking forward to Mays figures after halt in Aus. ATB

http://www.asianmetal.com/news/viewNews.am?newsId=1010136 Galaxy will produce 5000 tons per annum Lithium Hydroxide which will add to lithium carbonate it produces already being 17,000 tons per annum at $6,500 per ton

I am surprised as well maybe we had all the buying in the lows, as soon after Galaxy was in a halt very strange. I think they are sorting out big cap raising and also sorting out Korean JV for Sal De Vida. Galaxy was always going do need another $20 Million, I think that has now doubled to help progress add on Hydroxide plant.

Galaxy revenues after full ramp up will be around $10/11 million per month, which is likely to be achieved in the next 2 months ATB

Very true, GXY shareholders having a tough time with all the cap raising. But will help build a BHP like company in the years to come, Galaxy production figures should be a good read in about the next 8 trading days touch wood. Also Creat Group have said they will continue to support us till June 2014, so in 13 months I wonder were the GXY share price will be when they will be producing $10/11 million imo $1.25 low end putting a value of around $45/50 million on are investment ;-))

Look at the up side. The sp currently has risk factored in. If the Korean Consortium proceeds with the JV deal and takes a 20% share in GXY and commences buying GXY's lithium carbonate for its EV batteries, this will both derisk GXY and cash it up without requiring a single cent from its existing shareholders. It looks like LG Chem is about to become the world's largest lithium battery producer through its EV battery supply deals with GM, Ford, Renalt and others. If LG Chem (KC) owns 20% of GXY and 30% of the Sal de Vida project then GXY is where it is going to prefer to buy its Lithium Carbonate from. They will probably want Lithium chloride, lithium hydroxide and lithium cathodes also from the Jiangsu plant to take advantage of the low manufacturing costs in China. Looks like we had better ramp up the plant, add more product lines, get Sal de Vida constructed and commence making money -> 2 x the current market cap every year. More when the EV market picks up steam. And lets not forget China. They are probably now fighting over who gets all GXY's lithium carbonate production!

Why leave Ren on board strange, we will find out in next 9 trading days . Also production figures for April/may should be around $7 million per month now with no problems exciting times. We have all waited a very long time for Galaxy to be producing revenues and at $7 million per month, and are also going to increase to $10/11 million buy June/July. ATB

Very strange for it to be halted this long due to cap raising, unless the $20 million has turned into $50 million to help move Sal de Vida forward quicker. After halt production figures for May will be due and imo will be around $7 million for the month, with no blips. Galaxy is finally producing revenue and ramping up month on month, there is a chance now they are ripe for the taking but at what price, Rockwood are watching and waiting http://www.rockwoodlithium.com/ http://www.mineweb.com/mineweb/content/en/mineweb-australasia?oid=166731&sn=Detail 14/12/2012 The alternatives to Canada Lithium, in Khan’s view, wouldn’t work at all or as well for Rockwood. He noted that the lithium division of FMC might work for Rockwood, but said it is apparently not for sale. Then there is another producing junior, Galaxy Resources, which has modest lithium carbonate production in Australia along with advanced exploration assets in Quebec and processing facilities in China. But Khan was less excited about Galaxy, pointing to the fact it has had some production ramp-up issues Of course, you could also argue that Rockwood, were it truly hungry, could easily pull off a couple takeovers at the same time at this lower level of the lithium producing playing field, or that it may take another tack entirely, moving on earlier stage projects instead. Indeed, it may still be worth considering Galaxy Resources given it holds a significant asset in China - a 17,000 tonne per annum lithium carbonate processing plant. That too, it can be argued, would give Rockwood a greater foothold in Asian markets.

Very interesting will also get production figures around that time as well.

Yes looking forward to GXY halt outcome, it was looking like $20 mill cap raising in the first halt. Then halt was extended so could be JV on sal de Vida, or controlling stake, or take over. Exciting times with the GXY board changes, all eyes on ASX 10.30 English time mate.

Backers no fools http://en.creat.cn/zyw.asp Dr. Zheng, Doctor of Finance, is the founder and chairman of Creat Group. Born in 1962, Dr. Zheng founded Jiangxi Keli New Technology Institute as the director after leaving the ministry of the State Council in 1988. In 1992, he founded Creat Group. Dr. Zheng has served as a member of the national committee of CPPCC (2003-2007), a member of standing committee of All-China Federation of Industry and Commerce (ACFIC)(1997-2002), and Vice Chairman of ACFIC (2002-2007). Concurrently, he serves as a member of the national committee of CPPCC, Vice Chairman of All-China General Chamber of Industry & Commerce (ACGCIC), Director of China International Chamber of Commerce for the Private Sector (CICCPS) preparation group, Special Supervisor of Ministry of Supervision of the People’s Republic of China, Managing Director of China Society for Promoting of the Guangcai Program, Vice President of China Non-Governmental Science & Technology Entrepreneurs Association and Special Adviser of China-Africa Business Council, Vice President of the Jiangxi Entrepreneurs’ Association, President of Beijing Jiangxi Enterprises Chamber. Dr. Zheng successively received the following awards over the years: China Outstanding Private Technology Industrialist(1992), China Outstanding Private Entrepreneur, Best Ten Private Entrepreneur in Jiangxi Province(1995), the Medal for Guangcai Program of China (1997), the Hong Kong "Bauhinia Cup" for Outstanding Entrepreneurs’ Achievement Award (2000), China Private Technology enterprises “Finderskeepers” (2001), China Outstanding Private Technology Enterpreneur (2004), China Outstanding Private Technology Enterpreneur (2007), and the award for “Most Innovative People’s Award to commemorate China's Reform and Opening Up for the last 30 years” (2008) etc.

We shall indeed and it was 19.99% when CRHL/Creat Group began this journey, GALAXY are now producing revenues of $5.5 million per month, and this is at 55% plant capacity. Good luck to all who hold CRHL

That was in Feb Mate still need around another $20 mill to finish plant upgrade till cash flow positive in June/July also hydroxide plant extra and Sal de Vida could be bit more than $20 mill. Once that is out the way all looking good with monthly revenues of $5.5 million at only 55% capacity. Next production update with no niggles god willing will be around $6.5 million per month low end. Which should be in next couple of weeks or after halt to keep the SP at a base. ATB

Yes it is mate, a GXY take over will happen just of a matter of time. The Creat Group still have Ren on the board getting interesting,and when it does I'm sure they won't let it go on the cheap :-)

In a halt for 3 days then the halt was extended another 4 days, then notice of AGM then board of directors to be cut, then Quarterly update, very very interesting times ahead the plot thickens, this cannot be just about a $20 million cap raising to see GXY through to cash flow positive in June/July.

3-1 Gents

Totals: Top 20 holders of FULLY PAID ORDINARY 662,957,135 99.35 Total Remaining Holders Balance 4,319,539 0.65 Since the 18/04/2013 there has been 5.1 million buys and 1.5 million sells. this could get interesting ATB

Top 20 INTEREST HOLDERS Number of Shares Percentage 1. CREAT GROUP COMPANY LIMITED 353,300,000 52.95 2. COMPUTERSHARE CLEARING PTY LTD <CCNL DI A/C> 218,436,417 32.74 3. SILVERMINE INDUSTRIAL LIMITED 68,000,000 10.19 4. EVER TRADE HOLDINGS LIMITED 10,000,000 1.50 5. GUO LINCOLN 3,750,000 0.56 6. MR GRAEME STUART-BRADSHAW 1,774,500 0.27 7. MRS SUSANNE STUART-BRADSHAW 1,365,000 0.20 8. PETLYNNE INVESTMENTS PTY LTD 1,072,700 0.16 9. THORNTON HOLDINGS INC 799,076 0.12 10. MR GLENN FIELD 738,864 0.11 11. ESTANYOL HOLDINGS LIMITED 637,561 0.10 12. MR IAN MCCORMICK + MRS MARGARET MCCORMICK <IAN MCCORMICK SUPER A/C> 550,030 0.08 13. TAZKEENA HOLDINGS LTD 425,040 0.06 14. ERNEST HALL & SONS PTY LTD 399,400 0.06 15. MR GRAEME DEVLIN 387,997 0.06 16. MUFFINDALE PTY LTD 350,000 0.05 17. MR KENNETH ROY WILSON + MRS MARGARET AN WILSON 288,800 0.04 18. MSTATE PTY LIMITED <MSTATE SHOLDING DISCRET A/C> 250,000 0.04 19. SAXON INVESTMENTS LIMITED 217,500 0.03 20. MR CLIVE FRANCIS BURRETT <MR CLIVE FRANCIS BURRETT A/C> 214,250 0.03 Totals: Top 20 holders of FULLY PAID ORDINARY 662,957,135 99.35 Total Remaining Holders Balance 4,319,539 0.65 As at 18 April 2013

0.72 to sell creeping up