Originally posted by regal
The $100/kwh is very big news. In fact its the point where electric car and ice reach parity in cost to produce. At the end of 2018 the avarage cost was $176/kwh. The lowest was close to $100 and higjest was $196.
The important fact is not supply nor demand but who has control of the available supply. If there was only enough LCE for 10% of vehicles, the makers of EVs will increase sales yoy. The ICE producers will lose sales yoy in a slow death.
Sales between electric and petrol with the same range and cost, they electric will win.
The fundamentals can't be changed now, its too late. An Ev future is certain together with home energy storages. What's more important than Evs is where the individual lithium miners sit in the chain. SP move when investors know the importance and true value of what they invest in. The problem with Galaxy is management doesn't communicate with shareholders. They have a general believe, their work is important and add value for shareholders in the future. Investors don't have a progression of events to measure. Shortsellers are destroying retailers value because of it.
Wake up management, the success is in your head and in the plans you are making. The management is picturing the cake but still making it. The market hypothesize without progress updates.
Dude take a breath, maybe to many light bulbs on top of your head lately.
I've held G.X.Y. for so many years now and you have to understand this is how A.T. works.
It is fair dinkum frustrating,but he will not put out an announcement for the sake of it, if you want that Kenny over at P.L.S. will announce what biscuits they had for morning tea and how much they paid for them.
This is the fourth push back I have traded over the years and to date have done very well, but never rely on management to help you out in your trading, you have to believe in your own decisions.
I'm still buying like I was when G.X.Y. was 3 cents or 15 in todays money,
Things are the best they have ever been with G.X.Y. at this point in time, so what would seem to be logical becomes Illogical , I now trust management and understand that , and trade accordingly allowing for obvious external influences .
All the best
