Member Info for vanheldan

Could we be part of this placing?...No?...So how do we maintain our 19.9% holding?

VERY good news. Not the T/O people had speculated, but good news nonetheless. There appears to be quite an appetite for GXY shares in the market, which can only mean good news for CRHL and its shareholders.

http://www.galaxyresources.com.au/documents/DocGXY-169GalaxyFinalisesCapitalRaisingof120m110414_000.pdf

Courtesy of 'whitetiger78' on iii ............................................................... 14 April 2011 GALAXY FINALISES A$120 MILLION CAPITAL RAISING Highlights  Galaxy finalises a A$120 million capital raising via equity placement to sophisticated and institutional investors  Funds will be used for working capital and ramp up of Mt Cattlin and Jiangsu lithium carbonate plant, potential acquisitions and debt repayment  Issue price of A$1.10 represents a 13.6% discount to the 30-day VWAP prior to the pricing date Emerging lithium producer, Galaxy Resources Limited (ASX: GXY, Galaxy) is pleased to announce it has finalised a A$120 million capital raising via an equity placement. The raising was completed with sophisticated and institutional investor clients of Azure Capital, Morgan Stanley and Helmsec Global Capital (Joint Lead Managers). The placement was priced at A$1.10, which represented a 13.6% discount to the 30-day volume weighted average price (VWAP) prior to the pricing date of 8 April 2011. The issue was substantially oversubscribed with strong interest coming out of Europe, Asia, US and Australia. Galaxy Resources Managing Director, Iggy Tan, said the proceeds will strengthen the Company’s capital base. “We will use the funds for working capital and ramp up of our Mt Cattlin spodumene project in Western Australia and Jiangsu lithium carbonate plant in China, which we’re due to commission at the end of the quarter. The timely commissioning and ramp up of Galaxy’s operations are essential in meeting the imminent surge in demand for lithium carbonate from the EV/E-bike market. The raising will also provide the Company with funds for potential acquisitions and the repayment of some debt.” “We are pleased to welcome a number of particularly high-quality investors onto Galaxy’s register, to help us execute our growth strategy and support the company as it moves forward.”

795,460 v 84,863 Ratio: 9 - 1 :)

on both counts :) could be an explosive few weeks with BMR and CRHL

til BMR does this. and that rise will be very much deserved ;)

buy 250k @ 7.22 sell 250k @ 7

buy 250k @ 7.29 sell 25k @ 7.2775

thank you. so do i :) this wasn't a day trade. i imagine i'll be here until atleast end of january. will then re-assess

buy 100k @ 7.64 sell 250k @ 7.25

buy 1k @ 7.5 sell 250k @ 7.3

can not buy sell 250k

@ 8p for 14500 shares

No, i didn't get the annual report. Like you, i see a bright future in asg. hoping for a good year. i think i'm correct in saying that asg has put itself in the running for the tesco contract and that tesco will reveal a short list at the end of the month and the winner in mid february. Now, if we were to win that, well forget 5p...7p...9p...we should be in double digits again. Heres Hoping!!!

just topped up with 1k at 4.875p...averaged down too 7.5p. everything i have is in this company now. roll on good news!!!

No official dates that i'm aware of!!! i'm in the same situation as you, all my money's in here. Just try to look on the bright side, this share is volatile...so when positive news comes in expect big rises, and hopefully big gains. IMO patience will be rewarded with this share.

this shares never needed i reason to rise or fall...be careful though, a rise of late usually signals a drop the next day. When a former CEO buys in - it's never really a bad thing. even bigger rises should come with new contracts. some consider news to some before christmas...that is just their own opinion...nothing set in stone. 6.8p is good a price to get in...i'm personally tryng to get a hold of funds to average down. if you are willing to hold on for the medium-long ter, you should see healthy profits. after all, is everything goes top plan they may make actual profit next year.

the fundmanentals of the company is good. fair enough, if you bought in at the highs of a couple of weeks ago then your unlikely to see profit for some time yet (i bought in at 11.75), but in that case you should, if you can, average down. we've seen from the past how volatile this share is. IMO patience will be rewarded!!!

well done on by at 7.61. would be surprised if you don't see profit on that within this month (maybe even tomorrow). personally hold at 11.75, and don't expect to see any profit on that untill beginning of jan. unless of course we get around two rns's about new contracts.