Hi GCar, There appears to be buying, on confirmation of a bullish pattern around $1.15-$1.16. And with the half year Financial Report due out at end of August, it could possibly be seen as a good time to be buying, by those waiting on the sidelines.
It does seem as though there is a sentiment shift in the air for the next 6 months, and the short term ahead doesn’t look as bleak looking now, due to the news out from ALB, Livent, and the possible regulation of the amount of supplies to the market. I did read something quite a while ago, that supply was supposed to be being regulated by the producers, so that growing demand could be kept ahead of supply, if I were to be reading it correctly, and seems to be the best practice in commonsense, for a future burgeoning lithium sector.
Even if there is to be future volatility ahead in the markets, agree that there is much upside potential in Galaxy from here. GLTA!
GXY Price at posting:
$1.34 Sentiment: Buy Disclosure: Held
