General: Share Price, Trades and chart related discussions, page-1154

Wow @airconditioner
I read some of your posts and you seem quite knowledgeable. But when your posts include NMT, it seems you leave your knowledge at the door.
To begin, yes I hold NMT. No I don't hold galaxy. Anyone that reads my posts will see that the ONLY problem I have with GXY is that they have WAY too many shares on issue. I have made a tonne of money off GXY years ago but no longer hold them because of this issue. If they ever decide to consolidate their shares (they have mentioned they will) then I may buy again.

You have made it quiet clear in many of your posts that you are not at all a fan of NMT. You even called their dividends a joke. By the way, I have made almost $70g in dividends off NMT in the last 6 months. How much have you made of GXY dividends??

Who made the Sep shipping date?? Yes it was GMM as they were running the joint. That wasn't just pushed out because of the upgrade to produce more output, but because Mt Cattlin could only produce a maximum grade of 5.5% where the minimum grade buyers want is 6%. Why do you think the first two payments of $18m was delayed and eventually came in lower than $18m?? And then GXY holders were raving on about only receiving half payment ($9m) instead of the $18m?? and could not see through the fine print of the announcement that there was issues. Why do you think there was a trading halt before this announcement??

You say Mt Marion has a lot of 4% grade and some 6% grade?? You have stated this as if Mt Marion is producing 4% grade and a small amount of 6%. Saying this just shows that you have no idea about producing 6% spodumene grade. Anyone in the know, knows that when producing 6% spodumene, you end up with a small lower grade waste. NMT has done a great deal with Ganfeng to take their waste (4% left over spodumene) at a price. You say that they will grit their teeth and take it. They don't have to do this. Ganfeng could easily find someone else to take 6% off as GXY and PLS are looking for buyers but Ganfeng obviously find value in this otherwise they would not buy it. What is GXY doing with their lower grade waste??

You say Mt Marion have a high iron content. I have attached a clip on Chris Read addressing this issue (please watch it) and also confirming that the iron content isn't even that high and is within standards.

You also state rainfall as a delay in Mt Cattlin shipment?? Does that mean every year around this time the mine will stop for the rain?? Mt Marion has not stopped for the rain during construction and is still on track for their first shipment.

You say that MIN is cutting loose immediately and running as fast as they can away from further exposure?? Obviously you don't follow MIN as you will see that they buy into projects at a lower cost , get them up and running, then sell to make a profit. They even state this in their announcements. Would the worlds largest lithium battery producer (Ganfeng) be involved with Mt Marion (running the worlds largest hard rock concentrator) if it was as bad as you state???

The only thing that I will agree on with you on your above post is that Superninja over at PLS is running some really bad numbers on comparative costs of lithium companies. He has put links up to try and justify his numbers but seems that even he has not opened his links as he still gets the numbers wrong. Over time I have put some thumbs up on his posts but lately he has been traveling the world trying to talk up lithium at his own costs trying to sound like some lithium expert. Its as if he is trying to be the next Joe Lowery. The difference between him and Joe is that Joe is all about lithium. Superninja is all about PLS then lithium.

So could you stop your constant bashing of NMT. All it shows is what you don't know about spodumene. To me any company that is involved with any producing or soon to be producing plant is good in my books. Would Ganfeng (worlds largest lithium battery producer) be involve in Mt Marion if it was that bad??? Mt Marion/Mt Cattlin are way ahead of other want to be producers who are mainly all talk. No need to bash each other because once producing, will make want a bee's look not as attractive. Just look at OREs share price. Why do you think GXY and NMTs share price has been similar over the last 6 months? They should be supporting each other as they both are going into production. Many GXY holders are also NMT and vice versa. There is a good reason for this.

I read some of your posts and others on this site will agree with me that you seem to be a lot more knowledgeable than Superninja. Its a pity that you can not rise above him and look past more than just one stock GXY.

Finally congratulations to GXY holders on GXY making it into not just the ASX300 but the ASX200. GXY will get a lot more exposer as witnessed after the close of trade today to hopefully make some good gains. Don't worry in the delay in shipping as GXY is just sorting out its issues then it will be full steam ahead. MOST lithium hopefuls will never make it this far and if they do, are YEARS away.