GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Report - June 2018, page-111

  1. 359 Posts.
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    The article doesn't really give any reasons to speculate the direction of price in the future. Though l did find the following comments to be positive:

    ''Reg Spencer said investors should be wary of judging the entire lithium sector on movements for one particular type of lithium.
    "There are hundreds of different (lithium) products all at different specifications and they all sell at different pricing, unfortunately the equity market tries to simplify what is a rather complex supply chain and rapidly evolving sector into one number," he said.

    Mr Spencer said while daily market or "spot" prices for lithium in China had fallen, prices for lithium supply on longer terms had been more robust.''




    The Quarterly will have raised a few eyebrows... odds on the posco deal will raise the MC
 
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