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The Dean

13,289 Posts.

1230

09/09/16

16:36

Post #: 19057515
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Originally posted by airconditioner ↑

I have slightly less than zero interest in your opinion
but can I remind you that you moved over to Orocobre and have a nice loss there from that decision. Presumably you are already writing to management and blaming them as well.

Ask Chinese lithium companies what Australian lithium companies there are.
They don't even know there are any other than Galaxy. That includes Orocobre.
Galaxy have contacts spanning back 10 years in this sector.

You don't have to love management but the response to the final 20% of plant upgrades was to bring in the same contractors who work on Greenbushes. We were informed once there was a solution in place.
I was guestimating a delay ages ago. Sheet happens. This was an ambitious upgrade.

NMT are also delayed. Orocobre stage 3 is delayed. PLS DFS was delayed.
Delays with commissioning and ramping up is going to plague the entire sector. Get used to it.
And for every bit of slippage there is even less on the market.

We know that global supply is tightening. This leaves ORE's currently "crap" quality product (Joe Lowry's words) still in demand.

My point being - you don't have to love management in any of these companies.
You can make the call that lithium is an increasingly precious resource that the world will need much more of.
You can make your assessment that demand-supply favours the producers.

Galaxy just put their sale price on sale.
The opportunity for investors capable of a bit of foresight is that there is a window now where the price has been set by emotion/disappointment/manipulation and that this period will pass.

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Gotta love the sale of the sale price. I'm thinking someone is glad their 100k order didn't hit and that someone is going to try a lower cost number in the morning. Talk about flushing oneself out of a good thing that got better.

Last edited by The Dean: 09/09/16

GXY Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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