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3,087 Posts.

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18/08/19

12:32

Post #: 40028639
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Originally posted by h0rc0: ↑

1 for 10 more likely to include some premium for A40 other assets. Lithium price plays only a small part in the cost of a lithium battery and current low spod prices are being manipulated by converters so the more spod assets GXY can control the more control it has over the price it gets for it. Ideal situation would be for GXY to use script to gain control of struggling A40, AJM and PLS or at least convince spod producers to meet once a year to set the minimum price of spod rather then have converters setting the price they wish to pay for spod then play the producers against each other so they can renegotiate even lower prices 6 months later. But that's also just dreaming.

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1 for 10 is adding more than 50% shares to Galaxy.
Not sure I'd be happy with that.
But I don't matter, I know.

GXY Price at posting: $1.13 Sentiment: Hold Disclosure: Held
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0 Great analysis

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