Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: James Bay Drilling Delivers Thick High Grade Results, page-166

First 166 Last

Share
Profile

Follow
Ninja Tuna

2,848 Posts.

994

28/06/17

11:27

Post #: 25535001
Share

Originally posted by Cadel ↑

Humans are a funny lot, I've the read GXY thread for years and seen people come and go and the price drop ridiculously and again seen it rise astronomically. The emotions that come out to play are all really simply related to ourselves. Upset that we didn't sell at the top or buy at the bottom. We celebrate and make outlandish SP predictions when things are well and get all pissy with management and each other when times are bad. Even our best posters are responsible for this. AC, Bron and Ali G ? (too much to drink, I know it's only Tuesday) excepted. It's a real shame what happened to crash he was great before he turned on us. Maybe we turned on him first, when he correctly predicted the top and got out and has correctly refused to call the bottom. But even if he has been correct it has been a real indication of his nature to rub it in and sheet talk the company and its situation. I never had a problem when it was purely related to TA, but now that it is FA, I suspect that it downramping or deliberately rubbing it in when people are down.

We have talked about GXY being one of the biggest and best pure lithium plays. Maybe that has been our problem. I have had this funny feeling that big oil will have one last (hopefully) play at smashing the renewable story. They have funded the climate change deniers right wing media thing for years and finally can see holes starting to appear as the public are just not buying it anymore (similar to tobacco companies until they finally gave in). So the last play is to not let lithium get off the ground. The big 4 are too diversified to mess with so they go after the likes of us. If GXY makes it big time the money rolls in for the explorers, if the likes of us (producers, making a profit with no debt) can't make it why would anyone fund the explorers. Keep us down and the funds dry up. I know it is a consprisy theory but it has been a worry for me as other than that nothing can stop us. It's not MB or DB downramping it's something bigger. Can we weather the storm?

Fundamentally, I'm happy that they are playing with JB but this can't happen in isolation. GXY can do what they want with JB as long as they are slowly but steadily moving with SDV. Even ponds and test labs are OK. I've been through the processor thing once and don't want to go back there without sureing up SDV concurrently. The last processor put us in so much debt that without strong pricing we couldn't get out of. The same thing can happen again. Profits from Mt Cattlin and steady as she goes with JB and SDV will be a winner but if we go all out with JB and the processor get into massive debt and the price goes south we lose everything again. Once is enough for me.

So we have a few head winds and it turns out that the tesla dream is not enough to bring us through. But if we play with a straight bat and work through this without going into too much debt we will come out the other side. There is lots going for us. I was at a university of newcastle event today, they are actively working towards microscopically thin solar cells and eventually solar cell paint. This energy needs to be stored somewhere. EVs are great in the short term but home and commercial batteries are where we really shoot to the the stars. The technology is very close if we want it and we can have it shortly. Just need to beat big oil first then we can have the type of world that we are after. It will happen, just hope we can all hold out to see it.

Good luck and be nice.

Expand

Well said Cadel

I believe priority will be given to SDV and that is why the DFS for SDV not James Bay was done first

That is why we have a highly experienced brine team already put together for SDV and already began construction a few months ago, while James Bay is still pre DFS

Everyone including AT and the whole board knows SDV has the operating cost advantage out of the 3 assets we own.

Mean while SDV construction continues as we talk

GXY Price at posting: $1.64 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Revolutionary inverter technology leads the clean energy charge

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Bitcoin: Current State of Play & Where to Next | Swyftx

TNC

True North increases silver metal at QLD's Vero deposit by 20%

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Emerald & Azure score Digger & Dealer awards

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

There are more pages in this discussion • 24 more messages in this thread...

First 166 Last

Add GXY (ASX) to my watchlist