New Lithium Related Article, page-3309

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Thesi

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25/11/19

20:15

Post #: 41623369
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Originally posted by asb83 ↑

"Galaxy Resources' Argentinian project will initially sell its product for 25 per cent less than the benchmark price for battery grade lithium, but chief executive Simon Hay believes lower margins are a temporary compromise worth accepting amid the global slump in prices to revive the stalled project"

How embarassing for GXY and in particular its holders who have been quoting ridiculous valuations based on prices that are never going to eventuate.

So much for having the best undeveloped brine asset when they have to massively discount the product it's going to produce against the benchmark price just to get rid of it. Why are they massively discounting it? Oh no, don't tell me SDV is going to be another massive dud like Mt Dudlin. It's not like you haven't been warned by some of us. How thing this thing is trading above cash backing is the 8th wonder of the world. They are going to blow all the remaining cash they have developing an asset that is going to struggle to sell its product..

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What's you're evidence of blowing all remaining cash. Do you have the costs already?

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GXY Price at posting: 96.0¢ Sentiment: Buy Disclosure: Held
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New Lithium Related Article, page-3309

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