Partly, it's about not living up to the original offer of $1.55 per share of lithium1. This could be the reason people are selling now. The sentiment was to wait for the stock price to ramp up just as the Lithium1 stock was delisting. It was a minor spike in price. No where close to 1.55
At .60 cents (Galaxy), lithium shares are worth $1.17 At 55 cents(Gxy) they're worth $1.07 At 50 cents ... .98 cents.
So if I'm to speculate, the reason they're dumping now is to salvage profit. As for me.. I'm in for the longterm 2015+
I also like the fact that it's galaxy's goal to fast track Lithium1's brine deposit to 2014.
-V
GXY Price at posting:
17.6¢ Sentiment: Buy Disclosure: Held
