GXY 0.00% $5.28 galaxy resources limited

Selling quality lithium miners at current prices is illogical....

  1. 594 Posts.
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    Selling quality lithium miners at current prices is illogical. The implication of EVs are bigger than the rise and fall of the share SP.
    1. For every EV that hits the road, service stations face a fall in profit.
    2. 5 -10% Ev on the road will equal 5-10% fall in service station profits. They will start to close. The profit is less than 5c per litre. The distance between filling stations will be further than charges. A reduction on service stations will reduce the profit and output of refiners. Oil will be transported on electric tankers, with auto pilot gps navigation.Demand down cost up. Petrol will become a luxury.
    3. EV owners will also see the benefit of solar panels and energy storages. At 20% penetration, chargers will be every ten houses. Buying fuel will be like renting vhs videos from block buster stores.
    4. The mordern world is computerized. The CPUs are/ will be running on battery storages. From homes, wind and solar farms.
    5. The autos will pursue EV output over ICE. Improving ICEs is like designing titanium horse shoes, aircon and lamb seat covers for horse saddles. Engine designers and mechanics will be less required. Electric motors will be mass produced, the brand and where they are made irrelevant. The change is much faster than the reports and predictions.
    5. GXY current asset replacement value is upward of $9, trading @$3.
    6. The banks have pulled down the share price. From the announcements, they are not sell but buying. Retailers are a smart bunch, selling when the funds are buying and covering their shorts.
    7. Do stay solvent. The banks can devalue and hold a stock at low prices, when you need to sell for cash the most.
    8. Traders bet during the race. Investors watch their assets run. The middle and last horses win or place.
 
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