..ah Deano Always with the classy pick up lines and first to...

..ah Deano
Always with the classy pick up lines and first to spot the new dames.

Hi @theofficegirl
Deano is right.
In 7 months you have gains that would make a bank manager reach for another heart medication pill.
There is no doubt in my mind that Galaxy's next 6 months will be extremely positive.
Try to ignore this volatility. Galaxy is calmly waiting to enter another league and the volatility is simply that many traders are like sharks. They'd rather die or lose money than be patient.

You chose a great stock at a great time. So did everyone who bought today.

No-one is going to say we are looking at another 500% in the very near future but holding and buying more as you can manage is the only way to approach a good company like Galaxy.
That 500% will come. It will take some time - thats all. There is no upper limit on what a company as well positioned as Galaxy can achieve.

It is plainly still too early to invest in several of our competitors. Despite whatever results they have on paper there is a great deal of water and still no bridge for it to pass beneath.

Galaxy is now receiving cheques for their lithium concentrate already.

The short term catalysts for upward movement are -

- The confirmation we received today. We know have contracts for our off-take for the next 2 shipments (and a bonus round of putting up 15k on Lithium Bay for highest bidders).
GXY tends to fret over good news. We should see some de-risking bounce to show up in the days ahead. If it doesn't it will simply get spring-loaded for later use. (see the merge below)

- The first shipment in September. 60kt shipment heading off to China with good media exposure. The balance payment for this should be followed by a big advance payment for the next 120kt.

- The merge.
A successful merge with GMM will effectively double GXY's profits in the short term from its mine at Mt Cattlin for the cost of 1/3 dilution. The future benefits are that GXY will be a big enough company with a market cap that should see it enter the ASX200 in September. This is the big league of Australian companies. Expect a good boost as new funds take positions.
It also allows a path to 100% ownership and finance of the brine asset SDV in Argentina.
SDV is the asset that will make Galaxy. You need to do some research on this but it is the asset that experts such as Joe Lowry have assessed as GXY's ticket to the 2nd largest lithium company in the world within a few years. It is most definitely the main reason to Go Long on Galaxy. Look at 2018 and 2019 for a minimum length position so that you get a good taste of what a premier lithium company hitting its stride looks like.

There is every indication that the market is positive about the merge and that it believes it will proceed. Expect a rush of votes to come in the final week approaching the end of July.
If it doesn't proceed GXY will extend the merge process until the required percentage has been reached.

- SDV and James Bay DFS documents. SDV DFS is due any time. I think it will follow a successful merge, or be dropped earlier if the merge percentage stalls to push it over the line.
These DFS documents will lay out the forecast for profits for the next few years.

- SDV build. This is to begin this year, according to what we have been told so far, with a test plant at SDV opening towards the end of next year. James Bay's DFS will also outline the plan for the next hard rock mine.

- New valuation documents. The merge and the new DFS documents should see Cannacord and others issue new advice about the increased scale of Galaxy and set a new higher NPV valuation. There should be considerable improvement on their market cap forecasts. A recent report already placed a value of north of $2/share on the company with 3 assets working. This was conservatively written but its reasonable that these kinds of higher target prices will start being put on us more widely very soon.

- HKSE. It is known that there is an old plan to list here. Galaxy already has engaged a Hong Kong company that specialise in IPOs. This move would probably also be accompanied by a consolidation of the shares so that Galaxy shares are comfortably above the $1 mark to attract the very largest of investment firms. This could be the beginning of some very large upward moves in the share price.

There are others catalysts too. One of them would be that as each of these boxes gets ticked then investors in other lithium stocks will be looking that much harder at us. They are sophisticated enough to understand that it is only a matter of time before Galaxy becomes a dominant lithium producer on a global level.

One thing is for sure - we will look back at these days on a chart and kick ourselves very hard that we didn't grab this opportunity with both hands when it was still so easy on the wallet.

all imho, of course.
Welcome to GXY and best of luck.