GXY 0.00% $5.28 galaxy resources limited

SP tumbling, is there a agenda? And how low will it drop, page-137

  1. 8,034 Posts.
    lightbulb Created with Sketch. 566
    Buying shares in a company on a dream is never wise

    Going on fundamentals Galaxy is a Dud.

    My Cattlin has shipped 15k this year.
    They may be producing and choosing not to sell at a loss while they have cash.
    Or maybe they are not producing

    Spodumene prices have fell to a level
    That most are producing at a loss
    There is no turnaround in sight.
    Supply will outstrip supply for some time.
    Maybe for years....when entry level electric cars are priced at $50k plus

    Eventually all that cash from POSCO will be gone
    and the CRs will start....

    Cheers
 
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