GXY galaxy resources limited

GXY should I be concerned, page-9

  1. 3,372 Posts.
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    Ali, this reply is not financial advice, is purely my own opinion, so DYOR.

    The factors at play are as follows.
    US / Donald Trump coming into power shortly, volatility related to the unknown, short term, the share market is generally currently cautious.

    GXY has had a very strong run and is in consolidation before the next leg upwards. This is healthy.

    Institutions are suppressing GXY to buy in at reasonable prices, once this process is complete they will want growth.

    The market is slowly awakening to lithium and the new energy revolution taking place, patience is required.

    There are a few unknowns regarding GXY. Development of SDV and James Bay, and the funding or JV or buyout to finance the infrastructure. Once this is known we will be substantially further de-risked. Patience is required. The answers will be forthcoming, soon.

    Fundamentally GXY has never been stronger, we have a very strong management team, solid income projected, incredible assets with essential ingredient (Lithium) required for the energy revolution. We are a producer with the knowledge.

    Lithium although abundant is not easily extracted and refined (Its not coal or iron ore) thus even if competitors have the resource, there is still no guarantee of being successful due to the technical, chemical and cost requirement for refining and processing, a major hurdle to newcomers.
    Short supply will persist for many a year ensuring GXY is a major player in the revolution.
    GXY is getting stronger

    I am currently buying more GXY shares taking advantage of the dips when cash is available
    I hope this helps you.
    Last edited by RED328: 19/01/17
 
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