GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-2675

  1. 596 Posts.
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    There is alot of rubbish posted. This comes from lack of understanding. The word lithium is used too loosely. Many posters talk about how much they will make rather than knowing what the companies produce. Even the MDs talk out their backside.
    Lithium is a metal. Oil float on water. Lithium metal floats on oil. Its a very light metal. No company in OZ produce lithium metal, PERIOD.
    DSO is the equivalent of red dirt containing iron.
    Spodumene could be compared to processed iron ore at different grades. Unlike iron ore its not the percentage but the purity and cost involved determine the price.
    Carbonate is comparable to raw steel. There are many grades and each is used for different purposes demanding different prices.
    Hydroxide could be comparable to high grade steel.
    Batteries comparable to stainless steel with different chemistry.

    Min have sold DSO and claim Spodumene prices. Pls sell Spodumene and speak of carbonate prices. Ore sell cheap products and claim prices have fallen. Gxy don't know how many months there are in a year. Ajm has a mine with interest at credit card rate. Kdr haven't started building and greenbushes can't finish their plant. Chinese companies buy anything with the word lithium but claim reduced demand.
    Alb and Sqm talk of expansion and can't meet their own production target.
    Ms and Mcbank buy lithium companies due to increase demand ( its true, they buy and hold) and short sell claiming oversupply. Ms lithium expert can't even ask a proper question at a conference call.
    The average person can't see the connection between a power drill and a car battery.
    The trolls think a company real value is less than build cost.
    Governments and Auto makers spend billions on infrastructure but nothing at the mines for the infrastructure to function.
    Tesla is a gimmick that makes traditional autos follow.
    Hard rock is apparently better with margin under $500/ t over Brine margin up to $10k plus /t. Hydroxide is even higher.

    Its no wonders the world is run by idiots.

    The world is transitioning to electronic vehicles because they are more efficient in performance over cough cough. Battery storage because the sun and wind energy is free.

    Lithium mineral miners are making the transition happen. There's currently not enough being produced. Not even in the next five years.

    Global warming began at end of last ice age. It has accelerated due to the increase of releasing of carbon into the air. If the rate doesn't change humans will be cooked then freeze in the next snap ice age.

    Interest rates rise when the economy is strong. The lithium sector has the highest demand growth rate but the SP is the opposite. Many are going to get a wakeup call. There's not enough to go around, the early investors that can see through the cowpuu, will enjoy when the masses rush.
    Last edited by regal: 05/01/19
 
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