trentwilliam said, "Im reading a lot of quotes here for evaluation prices around $4.50 - $5. What is the lowest evaluation anyone has seen for GXY lately?"
At its simplest reduction 'trent', the valuation of 'anything', that's being offered for sale, yes literally ...ANYTHING...! is whatever someone else, is then, at that particular instant in time, ready, and willing, to pay for it, ie, the simple market laws of supply and demand always apply.
Now keep that simple thought in mind, for the day in the 'not too very far distant future' when GXY and POSCO, and possibly yet another SDV offtake partner, are in full scale production and selling into a truly, truly insatiable global demand for Lithium to use in manufacturing batteries for the still rapidly exponentially growing, global EV/Storage 'New-Energy/New White Petrol' revolution.
So ask yourself this question 'trent', just what price, will you, then, be willing to part with your own GXY shares for....???
- Forums
- ASX - By Stock
- GXY
- Ann: 2018 Half Year Financial Report
Ann: 2018 Half Year Financial Report, page-162
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online