GXY 0.00% $5.28 galaxy resources limited

Was trying to refrain from posting. GXY was at 3.50 start of...

  1. 595 Posts.
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    Was trying to refrain from posting.
    GXY was at 3.50 start of year as a non producer. After six months of production, shorted to equal an explorer. At 180kt, its still valued equal to a non producer. Maq and Ubs value is even less. But, holds and continue to increase their holdings. Retailers sell because they think its overvalued. Keep the price low long enough and people believe it. What dd...??
    GXY is now the fifth largest producer and supply cannot keep up with demand. People are trading chart when the chart is at least 1-2 dollars undervalued. There is a clear disconnect here.
    Supply is not a matter of digging out of the ground. It is a consistent of quality and quantity. Production is up, price received up and cost down. Shell is investing in charging stations, auto makers are racing to be front runners in ev revolution, miners wishing to be in the lithium space and gigafactories being built for battery production around the world, with GXY being a supplier of the main raw material. I must be missing something.
 
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Currently unlisted public company.

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