Ive been playing since 2009. Ive seen the share price yo-yo from a solid $1.50 to 2c and kept holding on because I believe the new oil story. Ive cut my losses on other companies averaged down my GXY from $1.20 to 62c with all these bargains floating around. Being very conservative - Its the only thing I see with at least a 200% - 300% return from current prices within a few years.
Before you panic, remember:
Positives:
>Electric Vehicles (EVs) are here to stay.
>Power walls / home storage has just made an appearance - and here to stay.
>Everything is going cordless - eg: apple headphones.
>Galaxy will be the second biggest Lithium company on the ASX and is pure play at that.
>We will make an appearance on the ASX200 on the 19th of Sept.
>There are sales and production... no more explorer status.
>Healthy financials... No more capital raisings like the early years.
>Competent management.
Negatives:
>The stock is being manipulated.
>A 3 month delay
>Can anyone else help out with this one? im scratching my head.
GXY Price at posting:
37.3¢ Sentiment: Buy Disclosure: Held