@ljcamp there is AJM with their 'investment' and NMX with their 'investment' and raising. We have no clarity of how exactly PLS will do their stage 2
and it's been reported that MIN have been blocked in their plans and have a uranium issue to contend with, forget about the airstrip.
From all the above looks like various lithium stocks have hit a wall and Galaxy is shining with its cash in the bank and prudent financial management with a carefully guiding hand.
It's all well and good for an offtake to strike a deal, but if the company they do it with won't be able to achieve what is written on paper they might as well have never announced it let alone placed it on a napkin anyhow.
It's not always about the assets Galaxy has, but also how they focus on achieving the goals required to keep the ships shipping and the development taking place without placing share holders at risk.
It doesn't matter so much the share price, up and down, sometimes more than expected. It's about the legs on the investment and the longevity of achieving what is spoken about.
The next 6 to 12 months will have companies out rattling the tin, unable to achieve what they have promised and even if it takes us that little bit longer, we are going to be and end up in a better place than other investments.
Investment.. funny word innit?
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I think various 'investors' are not doing what it's all about and it will become more evident soon.
I have often wondered if various folks are truly investing or just trading the ups and downs knowing that those 'investments' will never truely take shape at all?
For Galaxy it's about...
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Going long removes liquidity from the market.
Problem is in my view that if there are hands passing it back and forth it creates an illusion, but eventually as you get closer and examine it, all illusions disappear.
The more these peers end up doing the desperate acts that they do, it freaks out holders and worst case like Nemaska makes them wonder why they invested in lithium in the first place.
There is a bit of danger there.
It burns them, they never return, they are robbed of their investment.
The cream always rises to the top. Just make sure the cream you have isn't curdled and makes you sick.
There is no point arguing when electric vehicles or energy storage will grow, it's a matter of when and by what growth factor it will take.
Choose the right stock, you'll reap the rewards and the wrong one, you'll regret the day you even heard of lithium or the stock you 'invested' in.
Your choice.
Make a wise one.
