GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Resource and Reserve Upgrade, page-39

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  1. 749 Posts.
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    I think the issue is that the broader market is significantly bearish about US China trade war.

    Have a look at LIT ETF overnight.

    Look at MIN, PLS, KDR, all down more than us at the moment. GXY is holding flat, probably due to the positive ANN.


    At the end of the day as noted above, the Li collective needs a morale boost such that the fund managers that are pulling money out of everything start putting it back into Lithium.

    As mentioned, every lithium stock is running close to 40% or so off its Jan 2018 peak. When Li sentiment returns, most will get back there or higher.

    Relative performance gains are going to be marginal because until Li sentiment improves, only the plucky retailers are buying a share or two here and there...not exactly market makers.

    On the plus side, the good news makes it even more overwhelmingly a STRONG BUY at the moment.

    If you believe in Lithium, you'll very easily double your money in the next 12-18 months on any of the Li producers with a good story.
 
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