GXY 0.00% $5.28 galaxy resources limited

Just like to remind everyone, this company is made up of many...

  1. 600 Posts.
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    Just like to remind everyone, this company is made up of many lawyers. They would be aware of compliance more than the everage poster. Keep this in mind before you press post.
    Instead of concerning about the manipulated SP, took time to do some basic calculations. You can do your own based on your location and numbers. I know that the company spodumene is being turned into hydroxide and going into batteries, so I will use that.
    The current contract pricing is between $16000- $18000 per 1000kg. This is enough for 15 Tesla cars. @ $18000 for 15 cars is $1200 or $1600aud.This is the total cost of lithium in a Tesla car plus electricity. If this price doubles its minute to the overall cost.
    At a life range of 800000km the battery still hold 80% charge. There are no servicing cost.
    The average petrol/ diesel has around $1000 servicing cost per year. A life of about 200000km. The average fuel cost is around $100 per week ( most of the people I know at least) $5200 per year. $6200 in one year. At 10 years the cost is enough for a free electric car. The electric motor has four times the life of a petrol/ diesel engine.
    Tesla is out selling the ICE autos because its not a hype. The cost saving is obvious. Tesla 3, 0-100 3.3s. Posche is 4s at more than twice the price. A Testa S can pull a jet liner and out run a track car.
    The traditional autos must switch to electric or face closure. Around 17-18 mil cars are sold each year. You work out how many $billion that equal to. $1 billion can fund both SDV and JB. If they don't switch Tesla will close them down. Of the autos, who want to close down first? Vw have put an order for $50 bil of batteries, no secure mine supply. Tesla has. Jag sale is 10% ev. Hyundai has put a hold to their ev due to supply. BYD through ganfang. These are the active autos. Bmw still think their diesel outperform electric while their sales fall.
    JL did not say ALb overpaid 50% for Min. Lit project. He posted Alb has a poor management record and Min is a miner (dig up move out).
    Min said their DSO was the answer to lithium supply and while the captain was promoting and people buying, the captain sold.
    Morgan Stanley had 7-9 people in their analyst team, visited SQM and put together the oversupply story. At the time SQM bought into KDR stating the royalty in Chile was an added cost. They knew a 300% increase was not possible. The extraction rate would collapse the land. A giant sink hole. The Chile govt has already put a stop to increased extraction. The analysts are a bunch of muppets, no doubt for the good of their shorting positions.
    As for T/O, Ausbil paid at over $4, they will not accept anything below, maybe at twice that. If you are waiting for T/O at the current levels is not going to happen.
    The current short position is over extended. They can't cover even if they want to. The available shares are not there. They are selling to keep the price down because there is not enought people to buy from. If you bought in at 3s, you saw a value, selling in the 2s is illogical and put the difference in the pocket of those shorting. You bought a company value much higher than 3s yet worried about selling below. WHY?
    How many people do you know buying a new car , then sell to the dealer at half price(wholesale) three months later, so they make money by selling higher again? People do this with shares.
    The Posco money, why would it make a difference if the company announce it or not. Posco plan to produce LCE so the contract must complete, it has to. The issue is the daily shorting affecting the SP. The company address the problem by getting the mines up running profitably or take the shares off market through buyback. If new retailers or other institutions increase their positions, short sellers are fried. Shorts have 3% or 12mil shares to keep this from going up. They can't do anything else. Its a giant bluff to keep investors away.
 
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