GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-2744

  1. 736 Posts.
    lightbulb Created with Sketch. 152
    We need to focus on what is truly relevant to us, and put the various reported prices into context.

    Have you not noticed the correlation between LIT ETF and GXY? GXY is a commodity producer and as a commodity producer has been discounted with the entire sector and it will reprice with the sector and the LIT ETF is the best available proxy for that.

    The Lithium ETF is more relevant to the GXY share price than your Chinese whispers with various carbonate prices, it is more relevant than any other metric right now outside of the supply / demand fundamentals of the big four. You can fight it all you want but a small player like GXY moves in the wake of Albemarle, SQM and the wider lithium sector.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.