still good value, page-6

Could the big boys have already started building a strategic stake? No one rings the bell, we can only speculate. Why does Galaxy look destined to follow the path of its fellow Aussie hard rock miner with brine aspirations, Talison. A good result would be a long term JV so Galaxy continue to ride the lithium boom.

But when big boys (multiple billion revenues) buy in, they don’t always go for halves. Likely its “we want your operation” and will pay you twice your current market cap to get it. I am seeing less downside and more win win. Either Galaxy goes it alone and start making big bucks the next 6-12months, or a big player comes along with a door busting deal. The big players are expanding to shore up resources to prepare for the lithium future and to keep up with each other.

Interestingly FMC has found operating costs rising from some lithium operations recently, could be another reason for Sal de Vida being a target, to achieve cost savings, economies of scale for neighbouring El Fenix.

Am break even at 60 and don’t have a lot of time to actively trade, so its been average down, accumulate and hold all the way. Since the Talison news hit the airwaves have been expecting more interest from technicals traders. Looks like its happening. Sound fundamentals too. Good luck all.