Galaxy are an ?action company? and their actions will speak a lot louder than the shorters? words when they are announced to the market over the coming weeks and months.
- Galaxy are cash rich ($185m at last official count) minimising risk of unnecessary dilution - The market cap is unbelievably low at $223m - Galaxy will have a fully integrated lithium business, mining from source in Australia (and elsewhere) and processing at the source of the high demand in China. - The second shipment of spodumene has already been shipped (and at a greater quantity than expected) - Lithium is at its bottom levels and should rebound soon on the basis of future demand for EV bikes and cars. - The share price appears to have been artificially suppressed and I fully expect a significant bounce and re-rating any day. If someone could explain the how the current share price represents a fair value for the company, I would love to hear it (invitation for you, Moorookamick). Thanks.
GXY Price at posting:
23.9¢ Sentiment: Buy Disclosure: Not Held
