GXY 0.00% $5.28 galaxy resources limited

MtC ran out of resource last month and off- take agreement was...

  1. 596 Posts.
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    MtC ran out of resource last month and off- take agreement was signed for five years. The yop was built for 1qrt only. 280m from posco sale to be used as toilet paper. Rising sea level will flood SDV ponds. DRC will find a cure for ebola and become the center of trade. Tesla can't sell model 3. Dyson make vacuum cleaners. Coal and oil will takeover wind and solar. Hydrogen is free from the air. Uranium turm people into X mens. Hail is caused by santa throwing ice cubes from his sleigh. Anything else?
    How many miners have produced nameplate for the last 12 months as per forecast? Anyone?
    2017 was peak lithium demand? Model 3 wasn't available, Ford and GM were building v8 pickups. The Australian lithium mines were built end of 2018, six months ago. Whats been produced since then?
    2019 governments around the world are installing charging infrastructure and auto makers allocating billions into EV production. The peak was two years ago? Have a good think.
    GXY at 1.60 in 2017 with 40m debt was a good idea but in 2019 with 210n net cash not so much. What????
    The stupidity of Galaxy is that it started at 2.50 consolidation did not defend this number. The company has the means to, unlike others, choose not to.
    With chemicals, each batch is different. Each batch of battery is different. Each shift of production is different. The allowance in variations make the final product acceptable. Remember those burning iphones? Cheap shortcuts.
    All lithium companies need to put forward a plan of action that will make it profitable. Explain the chain from beginning to end, cut the strategic talk BS. Get the resource to the customer at a profit for all within the chain. Its that simple.

    Don't go by these posts. Use your own judgment.
 
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