Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

One answer I see there, is to continue stock piling, (MT...

First 11802 Last

Share
Profile

Follow
clivemax

3,409 Posts.

416

17/12/19

10:35

Post #: 42004753
Share

Originally posted by yanlin ↑

Not sure if any of you have endured Joe Lowry's latest ** fest - the Global Lithium Q & A.
In it, he makes a prediction about another Oz spod producer that will be put into C & M next year. Now, he pretty much mentions every WA producer by name and exonerates all but two operations - Mt Cattlin and AJM's Pilgangoora.
He does mention we have scaled back operations, but is non committal on whether or not we stay open.
Assuming he is right, and the operation that goes in to C & M is not Mt Cattlin, then we could be seeing a second VA scenario as AJM will need to refinance their debt early next year.
He also predicts we haven't seen the lowest prices as yet and suggests there is one more step down in pricing.
Bottom line is that we need to bunker down, preserve cash, honour our customer commitments, retain an engaged workforce and be ready to ramp it up when the the inevitable recovery comes.

Expand

One answer I see there, is to continue stock piling, (MT Cattlin), if MT Cattlin is not already doing so.

GXY Price at posting: 92.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

HLX

Helix investor makes partial takeover bid, proposing board changes

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

There are more pages in this discussion • 9,230 more messages in this thread...

First 11802 Last

Add GXY (ASX) to my watchlist

SPONSORED BY