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$5.28 galaxy resources limited

Banter and General Comments, page-5964

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Wary1

2,470 Posts.

1656

04/05/19

10:31

Post #: 38407626
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Originally posted by regal: ↑

The rally in the last two days of lithium stocks, is a returning to true value.
Value of lithium companies, minerals and chemicals have been manipulate to the max. The oversupply is a myth. Now confirmed by the likes of Tesla, large miners, European and US governments. The many media articles and analysts, a bunch of BS( brown Sugar) coated artists. World mineral deposits were being sent to China for peanuts.
A simple bid from WES for an undeveloped resource just woke everyone to the true future value of battery chemicals and minerals.
Galaxy was labeled as a marginal producer, yet it's one making a profit among its peers. The minerals have been going into batteries for the last two years while others were still building their mines. Manipulation is plain to see.
Toyota paid 7.50 for ORE, Posco 94c for Pls and $280mil for SDV north tenements, Alb $1b for min, now Wes 1.90 for Kdr, Ausbil 4.50 for GXY. These are the largests in world, they are not stupid. They got big because they are smart. The cocky 20's and 30's traders and analysts at the banks are the stupid employees. As history repeat, they'll be replaced.
Getting back to GXY. There are three deposits. James bay, which would be important to the north American auto industry could be comparable to Kdr, 700m.
SDV a developing mine with 40 years resource and the lowest cost. The other know 40year mine is currently valued at 1b plus.
MtC currently positive income at 200kt of minerals per year.
For the three mines the total value of 600 with half in cash. Which banks and analysts value this, can't do basic maths. WES just threw manure from Bunnings on your face. The smell is from your shorting pants. Anglo see a growth of ten folds. More and more funds will flow into lithium stocks and battery minerals.
The Americans and Europeans are proud of their auto heritage, they will not allow chinese made cars to dominate their streets. The Korean and Japanese have technology years infront of any asian oppositions. Fear is a result of the unknown, now the reality of battery minerals shortage is obvious.

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Ausbil paid 4.50 for GXY. Thanks for reminding us. That's something well worth keeping in the back of our minds

GXY Price at posting: $1.59 Sentiment: Hold Disclosure: Held
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