GXY galaxy resources limited

Quarterly Report, page-38

  1. 19,753 Posts.
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    Most companies are in discussions, doesn't mean you need to be in a trading halt.

    Companies quite often don't even go into a halt until the deal has been signed, they have stated offtakes due for both products within 4 weeks. The market is hot and demand massive and supply short hence the price rises of lithium, wont be any problem selling it, its a sellers market and its hot.

    I would think our next news is a resource upgrade as drilling took place in November so results must be due anytime, if positive I think GMM and GXY to a lesser extent will have a big rally on the back of it and will get media attention.
    Market will then wake up to offtakes and commissioning of plant.

    My money is on both of these stocks doubling easily in the short term...only thing that will stop them is a market crash.
 
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