GXY 0.00% $5.28 galaxy resources limited

Ann: Trading Halt, page-43

  1. 210 Posts.
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    Whilst undoubtedly positive news, I feel that the tenement sale is largely priced in, and that the shorting is more sector wide, world wide. I'm not expecting a rocket from this alone. The shorting is based on the "Oversupply, Lithium price crash" BS.
    I am happy about this news but I'm looking forward to Thursday more. Off-take partners for SDV? Like JL says, carbonate prices may be slightly down 2nd half (maybe10%), but the overall trend is up.
    The gradual realisation will be sinking in that the supply of Li worldwide is NOT going to flood the market at all. The great majority of companies on the market may have resources, but they have no funding and no real prospects for getting their product to customers.
    The real significance of today's announcement is that SDV funding is secured, our timeline for getting our product to market is solid and that puts us in an exclusive segment of global producers.
 
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