GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-12410

  1. 5,936 Posts.
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    You guys are so deep in GXY that you don't really have a choice but to believe or convince yourself in the EV story and say things like, "I'm in this for the long term" and "I'm not trading this for pips". The same lines come out on stocks that have been heavily sold off and the remaining holders have no escape but to hold on and pray for dear life that things turn around. I hope for your sake that there is some respite in the price of lithium in the back end of 2020 once a few more producers are knocked out for the count and there is more of an equilibrium between supply and demand compared to the mass surplass that the market is currently experiencing. Yes, it's a mass surplus. When did GXY last ship? What price did they get? And so on. The evidence is in plain sight for all to see. You can spin as many fluffy stories as you want as to there not being an oversupply, but that's merely a case of being in denial.

    True, you guys do deserve a break over xmas. You've been putting in long hours on here recently and it hasn't really paid off. Your portfolios must be looking quite anaemic at the moment, so I guess you'll be putting in extra hours over the break to fund buying more dips
 
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