Someone around here is off their meds again.
To confirm. I am a holder and a buyer.
2 posters yesterday claimed that I’d sold out. I don’t know why it should be of any particular importance but it just doesn’t seem right to let them get away with it.
They both seemed to delight in whatever it may mean to say that I had lost faith in this company that I used to post so frequently about.
You can decide for yourselves what their posts say about their tendency to improvise “alternate facts” to fit the story, and how quickly they make fresh assumptions on those incorrect premises into headline grabbing arguments and accusations.
Standard MO for both posters.
Well- they’re absolutely wrong about me.
I’m in for the long haul. 3 assets (or more). Dividends. I want to see Galaxy do its bit to electrify the world. My wife and daughter both have decent holdings too.
Perhaps they thought I wouldn’t be alerted by a friend to their BS and wouldn’t duck my head in and call it out?
I’ve got all my shares and I have orders in the queue. All bought with my own money.
I am prepared to chase as well. I see a reversal of fortune with the new CEO and financial year and I see no point in not taking advantage of this period.
DYOR. I am not here to say anything but that. DYOR.
I’m simply dropping by to call out liars and those that distort the facts.
Most of the posts here are getting side-tracked by short term shipping quantity data that distracts from the big picture.
With all those waiting to buy some are getting impatient to drive a bit of negative sentiment.
For me - I am not thinking in terms of weeks or even individual quarters. I don’t care that much as long as YOP is on track. Galaxy has already been punished for irrelevant stuff. When it was disproven the share price did not recover. Logic is of limited use. There is no certainty of punishment for missing a ship when the market had already assumed Galaxy would only ship one.
This will be a storm in a tea cup. Galaxy is being priced at 15kt a month. Q2 looks like 30kt. That is 45-50kt stockpiled and H2 loaded with product that has already been paid for. This is the company’s gift to the new CEO. He will enter with 2 quarters likely to show 100% quarter on quarter growth. Yeah - some fudged numbers when you snapshot things in quarterlies is par for the course, but its not like the negative analysts haven’t used the same weapon in reverse.
Lies and damned statistics to paint whatever picture you want. Same as charts. Start them wherever it has the most impact. Compare quarterly to quarterly, Year on year. blah blah. Come out with great numbers and you still have analysts saying that it won't last. You can't win.
Ask yourself. So what if Galaxy had put another shipload out next week?
Would you be partying in the streets, topping up etc?
Nobody is privy to the particulars of the company’s contract negotiations and discussions with converters. We do know about the Chinese converter upgrades.
After a challenging year June was still going to be flat from tax selling. Q2 production should more than pay for the additional production and then loads the profit portion and further 100% quarter-on-quarter increases into H2. It makes for messy quarterlies but you can’t say that Q2 will get a hit without saying that Q3 will be a bonanza.
All of this is just number games. The important thing will be the annual report.
I bought Galaxy when it was advertising a 80ktpa total run rate. That updated to 120ktpa. A couple of years later and the plant is nearly triple the original advertised rate, and nearly double what it was in 2016. And spodumene price was way lower at $650/ton. (from memory.. excuse me if I am wrong).
Now Galaxy is on the verge of a quarter where we could potentially be shipping 90kt with a world-beating cost per ton. And we are the same price?
Not to mention the progress at SDV and JB.
It’s so stupid. Just take my money ASX. I don't care what these fools are telling me on their stupid forum. The ticker price is wrong. It needs a solid tap with a hammer upside the head.
This forum is polluted with fake accounts who have attracted more sharks with moronic posts.
It is passingly disappointing that Esperance could not squeeze out a third shipment. But none of this changes anything in terms of annual guidance.
Is Galaxy in a good position with a product the market needs more of every year?
Or Not?
Does the climate of fear that has surrounded lithium for the last year make it more or less likely to have increased competition in the period ahead?
What stage are we at with new miners?
How many are currently building or commissioning a mine? As many as there were in 2016-2017?
How close are they?
Are any current miners in trouble with production, debt, lack of financial support, drowning in dilution?
The answers to the above are obvious. The world is woefully unprepared.
Why are EVs in the news every day?
Why are people talking about this stuff constantly?
Where did all the diesel models go?
Why is Europe bi-partisan on EV support?
Why is China keen on eliminating petrol from its economy faster than anyone else?
Am I wrong?
The share price tells me I am but the news tells me that things are going to change.
This place is now officially crazier than a busload of turkeys in Disneyland. On Acid.
Even stepping back in for a look is making my head spin and giving me flashbacks.
The accusations of collusion and class action are ridiculous.
This forum is a giant wasteland of time and and orgy of negative emotions and blame-throwing.
I'm sorry but I was raised to take responsibility for my own actions.
When a girl slaps me on the face and says "don't call me again" I take it on the chin, get back on my white horse, put my helmet back on and tilt my lance into the sunset.
Why don't people gird their loins like we were raised to in the old days.
It's not even like anything has been lost. These people just need to turn the computer off for a few hours each day.
Go for a walk. Get another hobby.
Do some charity work. Posting negative weeping posts all day is a sad emotional masturbation.
Look at the hysterical postings and then look at the daily price play-head.
Just the same old birds tweeting in the trees. There is no high volume panic selling.
I see strong but cautious demand for the shares.
Add a dollar to the share price and the same people will be posting about how Galaxy is worth $25/share.
If you look at the market there are some very big walls of buyers calling the bottom. 6-7m shorts have already closed in the last month. New shorting ammo is drying up.
Day trading is tight and scrappy. The support is coming in strong at this stupid price ahead of the new financial year starting.
If the market is still upset about shipping at the end of June then you can have Anthony Tse’s head mounted on the wall and I think the market will take that as the ultimate apology and mea culpa that it wanted for perceived inaction and delays.
That should flush the blood-lust and the ridiculous accusations should cease as his head rolls into the basket. The reality is that he was a man willing to change and learn in a challenging time. From the time I sat down with him in late 2016 I note that he change 180 degrees on at least 3 or 4 major themes.
He remained steadfast on wanting to clear debt.
He saved the company from the red mist.
Perhaps if I ever decide that I have more to say on the matter of his changes in direction I could go into some of this - but its not really that important now.
What is important is why they picked the new CEO.
There are about 4 or 5 posters that make decent contributions here and the rest are pampas grass blowing in the wind, unable to control their own emotions, incapable of keeping a disciplined eye on their own game, take responsibility for their own decisions, in love with their own fear-driven posts and self-importance and the “community” of anonymous cartoon characters. You can think you know whatever you do - but if you can not keep your hands on the wheel and your eyes on the road - then you’re just a statistic. Most posts here are an awful indictment on how entitled rich people behave when the world briefly moves against them.
Personally, for myself, from an attempt at dispassionate investment assessments, I can look past and ignore the forum’s current opinion leaders and still see Galaxy as a company that is in an enviable financial position, making a good quality and decent margin product even at the bottom of the cycle, facing an onslaught of demand in a booming market place with a cost advantage over the sector and a new asset already in development, with a third awaiting regulatory approval.
That tells me that I may have a 3 or 4 bagger in a few years with very little risk of the company going bust because of the cash position and liquid assets.
They are brimming with cash and opportunity and willing to build positions and relationships n the lithium sector. Even A40 recently stated that they had got valuable information from Galaxy, though they wanted to downplay this not to seem too junior or inexperienced.
One word on the A40 deal. The sub holding gives Galaxy front row seats and yet another sub-holding in their adjoining Cowan tenements. Without Cowan A40 has no life of mine. That is an interesting position for Galaxy to be in.
I may not know the finer details of the IPO but my analysis tells me that whoever controls Cowan will control A40's future too..
I’m leaving that there for the moment.
As to when Galaxy’s valuation should improve to reflect more than one asset.
(and at this point - there is barely even an acknowledgement of Mt Cattlin).
PLS was at 87c 3 years prior to production, prior to regulatory approval and blueprints, or any off take. They were only just slightly pregnant with lithium.
They have promised MOU after MOU, mishandled the tantalum issue with GAM and lost a chunk of shares to MIN.
All this forgiven as “good management”.
In comparison, SDV is already in construction. An SDV partner will need to fund the capex or there is no deal. That puts the POSCO $300-$400m back in liquid assets or to fund JB’s development
which they have identified as being a 2-step , mine and then converter to follow a year or so apart. BNP Paribas sit waiting to fund any short term debt component.
The market is forward looking is what they like to say.
The SDV deal is the Powerball. Not the 45kt-40kt from Mt Cattlin.
In the magician’s game of cup and ball that is Hot Copper - you have been misdirected by the downrampers.
SDV is the key.
An undrilled portion of that asset went for nearly half a billion, to a lithium insider.
Back to forward valuations.
Another example of forward valuations was Orocobre. ORE’s share price climbed steadily to a decent peak prior to opening, giving them a reasonable valuation despite the apparent operational problems, production bottlenecks and delayed start time. Everyone has seen the chart of speculation and production.
The next change in lithium sentiment comes with the realisation that the bears have been crapping in the woods without a clue how to wipe themselves off.
How much more M&A action needs to be done before people realise that the lithium companies, who have the best view of whether they are onto a winner or not, have been bending over backwards to cover their bases with assets and investment?
Albemarle, Tianqi, SQM and Ganfeng have spent big as retail investors wring their hands and wonder if this is all happening.
The share price is an illusion. It can change in a heartbeat.
I am still in profit. I am not selling into a fake market.
Give me a fair mid 2020s price or go home.
We have been played by the banks and the ASX/ASIC has offered us no protection to the evident manipulation. Shortman has had days where 100% of stock was short sold.
Its a joke.
Black Rock sold and the shorts dropped by that exact amount.
Now another 3% have closed.Retail shorters are amongst the most ignorant and least researched I have seen. Making a profit at the world’s expense is nothing to be proud of. Where is Renewable Batman when we need him?
I’m not the kind of fool that would start a topic wishing shorters well. I respect the awesome financial force that the shorting has presented, but post BlackRock they appear to have lost volume and concentration.
Their tradingpattern is being gamed against them.
Everybody can see the value here. If it goes down it will come back and the further it goes down the more likely that “come back up” will be a take over bid.
People will be lining up to congratulate themselves for their foresight for purchases at this level once the market really attempts to look at a fair valuation for Galaxy with SDV and 2 producing hard rock mines.
The kicker is the strong possibility that SDV could be out of the blocks early with game-changing Fast Brine tech. This is what makes hard rockers sweat. This is the tech that interests Tesla the most. Fast Brine for the starved battery production lines of the 2020s.
For me, Galaxy has the most attractive investment proposition of the entire sector
and, also unfortunately it has also attracted the most sharks, for which the CEO, even after having pulled off a very impressive deal at SDV, has now fallen on his sword in traditional Japanese style,
and welcomed in a new boss with a hard hat and a chemical background.
For all his current detractors AT stint as MD deserves a special place in Galaxy history, having guided it through the toughest of times and achieved very good quality prices for the deals he did - Jiangsu, the advance payments that started Mt Cattlin, POSCO.
It wouldn’t be a post of mine without letting it run off the rails a bit but something I heard from an old indian guru -
“Where there is a reason, there must also be and end”.
I know - its either Captain Obvious or feels upside down.
Before you laugh it off as irrelevant then I’d like to apply it to Galaxy’s position.
Galaxy was shorted massively immediately after it announced the giant POSCO deal at SDV. Before that, the share price was on its way back to challenge January 2018’s first attempt to fairly price in the company with SDV.
People said that it wasn’t going to go through.
So - that rationale for shorting was plainly wrong.
But they doubled down even when it went through.
Now they were just making up problems that did not exist.
Its all just been brute force trading. To say that it has been an exercise in considered “pricing” is a joke.
Shorting the company down $2 from $3.50 for pulling off a $400m pay cheque has now meant that the company is priced for asset-stripping take over. It is not logical.
Those claiming collusion are barking in the wind.
Why didn’t Anthony Tse or the board ever offload shares?
Are they evil or stupid? Or both?
Conspiracies are like children’s toys around here. You can’t go 20 feet without stepping on one.
Those who like to ascribe some pricing or predictive genius (rather than pure greed) to the actions of the shorters need to believe there is some ongoing reason
or the logical response is that, as the fears are slowly dispelled, so too will the share price return to its previous levels.
If there is a reason for shorting = there must be an end to that activity.
ie No SQM Tsunami of production = Galaxy sp is returned to where they found it, stabilising in the $3 range.
Ah.. if only it were that fair. Now we have to fight out way back up the stairs.
Recent Lithium prices are stabilising. Even Asian metals spot price news was showing the same for most of last week.
Most of the damage to lithium pricing occurred more than 6 months ago. And yet lithium company valuations have halved in the last 6 months for less than 10% changes in pricing.
The thing to watch for is when more negative news gets dumped on the market and gets no response. I believe that has been happening lately. Chinese news articles with little credibility have seen very little impact. They display the first cracks of concern for those that want lithium companies to remain under pressure.
The lack of negative reaction shows the market isn’t listening to them any more.
Shorting is now a difficult proposition to defend.
Galaxy’s “punishment” for lower pricing would need to put it at least another $1 higher.
“Only” a $1b price tag would still be a severe punishment.
There is absolutely no rationale behind Galaxy being priced any lower than PLS.
Galaxy is getting better pricing, has lower costs, better margin,more assets, more cash, no debt.
Geologically Mt Cattlin is closer to the ore body style at Greenbushes. Geos that know the area believe there is the potential for a mother lode in those hills of similar quality.
I lost track of how many tenements Galaxy has in the area. Was it 50? Was it 200? Somebody look it up.I predicted Floaters would be next after Dowling Pit way back in 2016. That is proving to be a good ore body. Talk of life of mine tends to come from those who are new to mining or don’t realise how many mines operate for a generation on little more than a few years proved up ahead of the current mining area.
IF ASB’s analysis is to believed then it isn’t Galaxy, but PLS that are the company ripe for shorting, not that I would ever suggest such a thing.
Back to my indian guru. If he is right - and things that have a reason to exist must have a finite life-span - then our days at this crap valuation are done.
The reason for our near death was a cyclic pull back in lithium exuberance.
Now that in turn has to give way.
Give us something resembling an even playing field, even 10% shorting per day and this stock will climb from rational positivity about the future demand and the position that Galaxy already occupies within that sector.
OR - you can easily argue that the shorting never had a reason. It just happened. Accidentally.
Nothing Personal. just Business. But they’re not leaving because they’ve got comfy.
This is where a Share Buy Back becomes a relevant strategy.
If they won’t respect logic and financial reports then they must be murdered, trapped and exterminated like a rodent infestation. One is painless. There is the front door.
The other is a potential trampling to death.
I will certainly buy into that momentum.
I hope some shorters try to stand in its way. I think some deserve some pain for smirking in the faces of people feeling the financial pain.
The only rationale left for shorting is a belief that “lithium is in over supply and is tanking”.
This is SQM and Morgan Stanley acting in collusion.
They perfected the art that Mac bank drew an earlier blue print for (but were ultimately unable to contain the share price from going even higher).
MS are climate sceptics.
SQM’s dark clouds predictions were obviously trying to produce a fig leaf to cover their production failures, the erosion of their margins from royalties and to try to blame the sector for their failed expansion. That expansion was to herald in a tsunami. No tsunami. They were also talking about a completely different market segment.
South American carbonate has been stable for ages. They know barely anything about spodumene production, which consequently puts the whole KDR deal in a strange position. Why do WES want to buy into a project where nobody knows how to build or operate a hard rock mine? Or a converter for the matter?
Now tell me how smoothly that projects comes into production…
Albemarle are going slow on Wodgina.
They also had no luck increasing production and facing Chilean royalty rates.
They have been in an unhappy marriage with Tianqi, forced to toll in China and pay with spodumene. Tianqi have gamed the spot price with illegal transfer pricing from Greenbushes.
Greenbushes the mecca of hard rock mines is still years away from expanded production and, despite the quality of the ore, has never achieved high recovery rates
(you can compare the name plate to Bunbury shipping data).
This is the unproven thing about giant hard rock mines. There is no example of a big mine operating at high recovery.
IS Galaxy in the sweet spot for size and costs? Could well be.
A40’s costs were the highest I have seen in a hard rock mine.
The Pilbara mines both over-stated (lied about?) their start dates, recovery rates and costs, were shown to be plain wrong about the feasibility of DSO and failed to disclose information about FE and mica impurities in the area. 3B announcements have been raining on them like confetti and their CEO sold shares at the recent peak.
One Pilbara stock is trapped in an onerous debt spiral and the other now wants to sell off half the farm to go vertical. And yet it stays resolutely double Galaxy’s valuation.
I’m not trying to start up any old war ( I won’t be around to fight it) - but the valuation discrepancy is hard to ignore.
Galaxy was getting paid more for its product, any that is likely to still be in effect with any softening. Anthony Tse did good deals and formed strong sales relationships.
His background was in rolling out mobile phones throughout Singapore. Not TV.
Galaxy will close the gap, or PLS will tumble. That is fairly certain.
I am not concerned about Joe Lowry’s criticism. “One quarter is not a trend” seems entirely flippant and in a sector full of disappointments it shows that some analysts can not admit when they were wrong.
I rarely read his twitter now. Lost interest in him when there were more pictures of food than lithium announcements that I’d often already read elsewhere.
Somebody is paying for those crisp white wines and wagyu beef burgers and there is likely to be a bit of Pilbara sauce between the buns.
A40 and LPD are now within some sort of strategic partnership plan of Galaxy. I expect the new CEO to have a few new strategies and to set out a time line and calendar for project development.
Galaxy has a lake of cash reserves and could sell one of the above companies on any decent spike to immediately fund a buy back of 20m shares or so. Or just out of petty cash. I think it will on the agenda for the new MD. It wouldn’t be right for Anthony to set he plan in motion without the approval of the new boss.
They may think they have something to announcement that the market will prefer?
So - perhaps not do the Buy Back thing at all.
Let the market and Galaxy’s own progress tell the story.
Even with a “missing” shipment, then quarter on quarter production should show a 100% increase for 2 quarters in a row. Next quarter’s shipments are already stockpiled.
Those saying “why not sell to someone else?” do not understand the relationship of ore body to converter. They are tuned to each other.
That is the 2-edged sword. Once a business relationship is in place between miner and processor and an ore profile is expected, a new ore body would only result in lower recovery and quality. AT mentioned a while back that not going for the pricing jugular when the converters were starving would also pay dividends during any short term pricing drop. I think you are seeing that now. AT has played a very tightly held game, shielding pricing info from competitors and clients. If Galaxy is willing to be patient as the converter brings in new circuits, then they will also return the favour - higher pricing, opportunities to take a cut of the vertical conversion profits.
I’m probably wasting my time going through this.
Anybody with a few hours to research this sector can see how quickly things are progressing.
Scared off by the big funds and ignored by the banks, the sector still languishes with under investment, a situation that has been left largely to the sector to organically sort itself now makes shortages a reality.
That is already where we are. There is a bottle neck in Chinese processing, particularly at (memory may be failing me here?) Shandong Ruifu, one of our clients that wanted to be ready for the higher levels of production from Mt Cattlin.
As for the bigger picture
These are just a few of the pro-lithium developments of the last month or so.
You probably know all these.
- - Toyota switching lanes back to battery powered vehicles.
- - First retalliatory shot in the Chinese trade war was to mention rare earths and lithium specifically as a metal that they could choose to limit US access to.
- - In response, the US have approached Australia to make some assurances of supply. We are not China. They will need to deal with our companies. What Australian companies have near-term nearby projects….erm?…. hello JB? SDV?
- - The last spike of the sp to $1.80 wasn’t KDR sugar hit. It was the reasonable chance that the first hint of lithium protectionism and Galaxy would immediately be a US TO target. The first companies to increase were the brine plays, not hard rock (seen as already contracted to China). American lithium (SQM/Albemarle/Livent) are brine majors first and foremost. The GXY spike was misrepresented as a KDR-WES thing and the genie went back in the bottle. Fools. Nothing has changed.
- - Even the most conservative of analysis on production increase demand require that a new major enters peak production every year for the next 10. Galaxy will be one of those considered a major.
- - El Grande or similar new Chinese auto behemoths emerging with a starting square demand of an order of magnitude that would take the entire world supply. Their next step is providing price competitive EVs to a world that will take as many as it can get.
- - Norwegian Sovereign Fund voted finally to divest coal and gas. An additional $5b looking for a home in battery metals (imo). They have already got a position here and very likely to increase it.
- - BHP dumping coal plans and flagging interest in nickel for batteries (post Australian election announcement. Could that have changed the Queensland vote?
- - Rio Tinto, Wesfarmers hunting for lithium assets
- - Tesla now signalling battery metal shortages and further investments in miners
- - Indian plans accelerating. Asian Metals shows Indian companies increasingly appear as buyers of lithium and spodumene (!!)
- - Fair to reasonable chance of a Biden presidency locking in accelerated climate change and electrification polices next year
- - Chinese spot market recently mentioning it was stabilising
- - South American brine prices unchanged
- - An attack on a petrol tankers in the Straits of Hormuz in the Persian gulf sends the price of petrol 2-4.5% higher. 1/3 of the world’s oil passes through these straits. The faster we end our dependence on oil, the better for us all.
My gut tells me that there has been a big mistake with the way analysts have worked their forward numbers on EV demand.
Not only are the new demand charts out of date by the end of the week as new auto companies publish their plans, but for every EV produced there is a high likelihood of an accompanying investment in battery storage. A family that buys an EV is likely to realise that they will want additional solar capacity. Along with that will be the likely addition of a home battery system, or doubling/tripling of their existing battery capacity.
No, these systems are not cheap but costs will soon plummet.
Eventually govt subsidies and lease/hire blah blah moves into the space.
btw: I was right in January that EVs would feature heavily in the next federal election platforms.
No partisan political commentary from me - but it is just a pity that even Labor didn’t know their subject well enough to answer the questions about the vehicle capabilities to defend them properly, or to provide any insight into charging and infrastructure issues. The Labor policy of 50% of EVs by 2030 was simply catching up with the rest of the world. We buy their cars. By 2030 50% looks very doable.
But it was face-palm every time it came up in panel discussion. There was an embarrassing lack or research from all involved, particularly the journos.
Back to demand again - the way I see it, for every new EV hitting the road, there is also the strong likelihood that there will be a commercial opportunity (or make that need?) for charging away from the home. The whole electrical system needs to be beefed up with load balancing and the provision of local storage for the arrival of a second giant wave of topping up of solar investment. Without load balancing and batteries the grid will fry itself.
There is a buck to be made from providing charging stations every where.
Local councils, multi story parking, hotels, mine sites, military etc etc etc.
Battery storage investment by govt or commercial third parties at the local level for provision of more charging infrastructure and load balancing should easily outpace consumer purchasing of lithium by weight in their own EVs and home power plants.
We need this stuff everywhere. Even if your local “BP” for charging takes a lot of its power from the grid, it will achieve best margin by equipping itself with large battery systems that are recharged during the lowest demand and lowest possible tariff time.
With more and more people charging EVs at night, the concept of low demand may also change entirely.
Coal and gas will not cut the new renewable investment mantra. I do not see the return of uranium.
It will be solar and for every solar install there will be a battery.
Ubiquity is the word. It means everywhere. Common as the dirt on your boots. That's what we need. More dirty boots. More building of battery grid infrastructure.
It is such a pity that our government does not understand any of this. The time to get moving was yesterday.
Apologies for the long post.
I wasn’t setting out to write an essay.
I could go on and on - but I really don’t have the time for this place any more
and I’m pretty sure that there are plenty that prefer I stay away.
For those that like to be reminded of where things are going, there are many smarter cookies than me here to provide insight and grist for the mill.
Until next time @Thesi, would you please stop tagging me and representing that we have any special relationship. We are not in contact, have never spoken or met.
It’s wrong for you to pretend otherwise.
It is embarrassing how many times you have referred to me over the last 6 months.
I am nobody. Please don’t pump me up to be something that I am not.
I have seen you do these manic postings before and they do you no favours. After upsetting all the longs you apologise and then swing the other way…
Please don’t represent me as some simple shill. I am nothing of the kind. Unlike you, I wasn’t posting excited stuff as the company climbed into the $4 range
nor wishing the shorters good luck at $3. Perhaps if you had bought your own shares you would take more care over what you post.
I never liked the rocket man approach nor the gloom and doomers.
I am a passionate believer in renewable energy and for world action on climate change and pollution.
I see Galaxy with a big role to play in the disruption taking place in front of our eyes.
“Dad. They said on the news there will be flying cars soon.”
Yes. It goes without saying. The tech is there and the batteries are there.
Then planes. They’re already doing the boats. Scandinavian ferries that fast charge in a few minutes.
In a year or 2, when we look back at this pricing downturn we will kick ourselves.
There is so little chance I am wrong about this. Take the lithium deniers' shares from them and enjoy the proceeds as the 2020s roll in.
Galaxy thankfully don't waste their time patting us on the back.
Instead, they bought into juniors, dug ponds, cranked up output and lowered costs, tested new tech, prepared plans for new mines and plants.
When our clients are ready to take our backlog they can start getting our 30kt shipments.
What happens to our share price when the market sees a 30kt shipments?
What happens if they announce a buy back?
What happens once an SDV partnership is announced with another sizeable cheque?
What if they succeed with one of the 4 techs they are testing at producing good quality Fast Brine at a competitive cost base?
I could be wrong about all of this. I really think people should do their own research.
Try not to let others do it for you, especially me.
Don’t act too impulsively. This is often a stressful time of the year for people.
Do not get overly swayed by anonymous opinion and 4 simplistic posts pretending to know the complex lithium sector inside and out.
I would say that it has moved well beyond the capabilities of most analysts now.
Even bears eventually change their tune.
My favourite dark Danish doom and glooomers Roskil, were permanently in the oversupply camp.
Now its
"We maintain the view that concerns about future refined lithium over-supply are poorly founded and expect the lithium market to enter a period of sustained supply deficit in the early 2020s."
https://roskill.com/market-report/lithium/
By the time bears publish that they have changed their mind, they have already been buying. That is the lesson we have learnt from reading the Morgan Stanley share trading records.
I'm going to wrap this up.
I just came here to call out 2 very active posters for attempting to deceive about something I know much more about than them- my own share holdings.
Unlike them, I probably will not ever return to regular posting.
The 2 of them deserve a lovely forum future spamming each other back and forth.
I do not want any social media “friends” in my life nor to spend my days arguing with people on the internet.
I do wish my fellow travellers here well. There are more “quiet” Galaxy holders than any other kind. I wish some more would go more quiet. For their own sakes and for the collective sanity of people who have the misfortune to read these threads.
All the best
AC
