GXY 0.00% $5.28 galaxy resources limited

Ann: Jiangsu Lithium Carbonate Project Update , page-4

  1. 878 Posts.
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    Shaking the trees IMO. Just about the normal thing before a company goes into production. All the hard work has just about been done. This is or was a speculative stock and price moved up on speculation. Then next trend is a downward spiral until production when we should see the price continue to spiral upwards as the company starts to bring in the dollars. All my opinion of course but it seems to be following the normal trend pattern.

    That coupled with the state of the sharemarket may make it look frightening. I am not concerned at I have been in this stock long term and now is the time for the big boys to move in once a company in on the move.

    They will IMO be prepared to sacrifice a few shares to bring the price down and then scoop into buy up the cheapies as some panic.

    Just watch and we will see.

    Liked the report and saw nothing but progress and the company on track. Good enough for me.

    This little black duck is holding.
 
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