Suppose the brokers have valued galaxy at below 50s now
It seems that lith carb demand is low The plant is running at 60 % which means that it's gonna take longer to get the product out Big pile of lith spud sitting being washed away by the summers rains ahead Sal da whatever and st James tenement are just a bit of land at present The plant can't even manage with mt Caitlin mine feeding it Lith demand still based on iPods, iPad etc Another few years before the electric car lith demand happens 21 million equates to about 6 c a share So what's the company worth At present most of its assets are sitting idle other than the plant now Being a holder I think that gxy long term prospects are outstanding but after a long hold since may 2012 I am questioning if I entered far to early
Dar yeah
But what I mean by this is this a 2018 stock where there might be 2 plants by then All mines will be on line and the electric car renaissance may be in full swing
Just a thought if my loss would be better served else where
Of course there is the prospect of a take over This is easily in the realms of possibility especially for the other 3 big lithium players with far more cash than galaxy to see the mines and plants through to full capacity
To me I think the management have biten of more than they could chew with this merger in this crazy world that we live
Just wanted to make myself feel better if I sell if it rolls below 50 in the next few days
Money does not equal resource stocks at present It's a fools game
GXY Price at posting:
17.3¢ Sentiment: Hold Disclosure: Held