GXY (ASX) Banter and General Comments

Originally posted by Thesi: ↑

Great post as always AC, and I hope to share a few videos worthy of investors taking the time to watch to form their own view in conjuction with their own.

Some might notice my sentiment for this company has become sell with held, this is for numerous reasons.

Whilst I would hope you all sell and the share price goes down, I don't believe that the company has provided anyone here a reason to continue to hold with a longer term view other than the carrots of hope they carry from their stick.

Historically the party that is winning had blocked transfer of funds outside of Argentina with the expectation that any company producing their must invest those funds in Argentina.

This is one of the reasons that the market is spooked.

Whilst around the same time of the Argentina election we have the UK planning to Brexit 'like it or not' though there is a possibility of Boris getting given the punt and a turn around in that plan.

We can talk about the future, ask @GCar he will pop himself up on a corner of the bar and sing it all day with focus on yelling at anyone that doesn't see his view or the need to buy and continue to hold Galaxy.

So yell away my good shills, but there is nothing that will stop the over global sentiment and that of most countries are headed towards a recession.

And we all know what that means.

Enjoy the videos and come to your own conclusion regarding Argentina and it's up coming election, then have an intelligent conversation that takes into account all the facts, including those of @airconditioner which offered some perspective to consider.

Whatever your decision.. good luck!

And one more...

https://youtu.be/qhjhDWqOiKE

Expand

Livent and Orocobre operated fine with those foreign exchange capital transfer restrictions because they are exporters that are paid in $US and have no need to exchange Pesos earned into Dollars.
Both contenders for President are very supportive of exporters and Mr Fernandez has even pledged to scrap the temporary export taxes that Macri imposed.
The Provincial Government that has major control over mining is stable and very supportive of the local lithium industry.
AIMHO