Ann: Quarterly Report Release Date, page-158

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Bikida

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17/10/17

18:39

Post #: 27976341
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Originally posted by FireEmperor ↑

Galaxy has one mine, not many like the big boys BHP and RIO. I guess time will tell if I'm right or wrong but a pullback is what I'm thinking.

Hopefully I'm wrong and I got out way too early. Yes lithium will be a game changer but also note that lithium ion batteries have been around for quite some time and so have electric vehicles.

From my point of view not many people can afford a $100k EV and the huge influx from petrol car trade ins will push down the price of petrol used cars further supporting the petrol industry.

Many consumers will have to weigh up buying maybe a cheap Tesla 3 for $50k or a cheap Toyota Camry for a quarter of that. Petrol prices will definitely drop until an equilibrium can be met between consumers and oil producers.

Cutting off crude oil production has been difficult for all OPEC countries. Many cut production but a small few can't or are unwilling. If petrol remains cheap then the jump to EV's will be all the more difficult.

I'm bullish on lithium don't get me wrong, I'm just sceptical at the current valuation of a few lithium companies.

Looking forward 5 years with SDV in full swing and potentially LPD taken over by Galaxy for the tech they have, it is definitely interesting times ahead indeed.

Again just my thoughts not financial advice, DYOR.

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I wasn't talking about BHP or RIO.

"From my point of view not many people can afford a $100k EV "

Just as well the vast majority of the global EV market is considerably cheaper than that.

"influx from petrol car trade ins will push down the price of petrol used cars further supporting the petrol industry."

Yep, they will be incredibly cheap in the very small number of places they will be permitted to be used.

GXY Price at posting: $3.49 Sentiment: None Disclosure: Not Held
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Ann: Quarterly Report Release Date, page-158

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