Blue Sky

Galaxy - you're looking good.


SP punching hard now above 2 month high.
39 is a chart busting price.
Confirms every bull indicator possible from ichimoku charts - straight through the kumo cloud into positive growth territory again.
Somebody post a regular chart huh? Crash? Upstart? ta.
Technical uptrend on good momentum
and leaves 60m shorts needing cover for a little extra acceleration.
They are now competing with each other and any attempt to sell down will be another’s opportunity to cover.

Other catalysts for higher pricing.

Galaxy progress

Mine opening for production ahead of schedule thanks to hiring the best lithium contractors in Australia (Primero).
Mining operations now handled by one of the biggest and most respected contractors.
Anthony Tse presentation at SMI. Last one kicked off a heavy month of buying where share price nearly doubled within the month.22/3 share price 25c. within a month share price had hit 48.5c
Booking the ship. Not convinced we have seen it booked at Esperance yet but it will come.
Confirming grade and mica content of our product.
Primero target of 8kt product by end of November. That would be on track for 180kt production rate already (4kt/week - 16kt/month). Galaxy have given 160kt as target for the year (conservative mode?).
Payment within 14 days of getting our first ship loaded.
Negotiations for next contracts with new 50% payments. We expect a healthy improvement in price.
We expect news on SDV next year, cashed up and with the market paying attention to already having our first asset in production.

Market indicators

DT’s election met with positivity.
Gold price down showing a lack of interest in hedging and a bounce in equities
Bloomberg recommending dumping of fossil fuel stocks and predicting an oil shock by 2023 on the back of 60% year on year acceleration of EV take up.
Dow Jones passing 19000 last night. Shows US market salivating at corporate tax cuts and infrastructure spend. Good for a broad range of sectors.
DT back-pedalling on the worst of his policies and rhetoric.
US fed interest rate hike possible but unknown effect. Market seems bullish in the face of this as US economy seems to have strong numbers.
High USD is good for Galaxy payments in USD.


Sector indicators.

70% price improvements in lithium pricing reported by producers ALB.
Orocobre achieve battery grade and sell at $17k/t - well above predictions.
Many ASX juniors making little progress after the discovery stage - embroiled in legal disputes from hastily chasing the lithium dollar. Range from jv disputes, port access, lack of mine or enviro permitting, failure to secure contracts and finance etc etc. Money flowing back to the big players who are already in production.
Demand skyrocketing and spodumene proving slower to commission than analysts have predicted.
Chinese and European regulators continue to tighten restrictions on ICE engines.
Tesla taking over Solar City and releasing Power Wall 2 and solar tile products increases the domestic consumption and popularity of lithium batteries.
Australian high penetration of solar is a rich market for the battery storage over the next period.

and
EVs being talked about everywhere you go.

Go Galaxy