GXY 0.00% $5.28 galaxy resources limited

Its seems like gxy management does care about the company's...

  1. 598 Posts.
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    Its seems like gxy management does care about the company's value. They invested in A40, then gave them the use of a credit facility. A40 call VA, this is a default and gxy has every right calling on receivers to retrieve the cash. MC tried to outsmart gxy BOD which are international specialists in M&A. Not smart at all. Mr Bacchus defended RIO, thats no small task. Ms Florence is one of the top mining lawyers in Argentina, my guess is many miners have used her knowledge. The cash gxy invested in A40 was for drilling, not operations. A40 spent this cash, otherwise they would have been able to pay to Tribeca and pay back to gxy from operations. A40 ran out of cash long ago, jiangte's cash gone as well and now have no supply for their plant. Gxy and jiangte cash was more than debt. Where did 30m go? Directors pockets perhaps??
    Many here invest in pls. 650m=35c. If SP hit 20=400, 25= 500, 30=600. How investors response to the value is important. Can they afford to invest more? Buy or sell? Think about this before open.
    Some here invest in Ajm, can they make profit and repay debt with credit cad interest? Think how to respond if SP go lower.
    Its not just miners but the entire chain. The end user need batteries, simple as that. Sqm and Alb cannot produce enough. Greenbushes need $14k/t to make a profit.
    Gangfeng is stuffed if the hardrock miners close. The lithium experts can write self glorifications all they like.
    If the oversupply story was true, Wes would not have bought kDR. Alb in Min. SDV and pls would not have got offers. Why are the Chinese signing offtakes and upgrading their converters? Its like putting in special orders and building for a product thats not needed. A fun exercise perhaps.
    Sqm need to buy mines cheap because they can't expand in Chile, they bought into kdr.
    Five, ten years ago usage of lithium batteries were not great. Everything is now rechargeable. The end user is buying faster than mines can produce. Nickel, copper and aluminum is growing due to EVs, and lithium must reduce( the main material), unless investors came down in the last shower. SP fall is not because of investors leaving but short sellers trying to distort.
    Do your research.

    Look at ing shorts, div is gross 8%. There must be oversupply of chickens. Too many vegans. Jbh- oversupply of TVs,laptops, smartphones amd music. How many auto maker not producing EVs? Planes, ships, vans, buses, scooters, ebikes etc. All use batteries now. It's 2019 not 2015 technology is changing and using batteries not stuck to the wall.
 
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