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$5.28 galaxy resources limited

General: Share Price, Trades and chart related discussions, page-1597

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crashman111

1,487 Posts.

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23/09/16

23:22

Post #: 19391558
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Originally posted by Rlith ↑

Looking to add more today. $500m market cap and people are nervous and selling stop losses? Crazy

If you wipe your mind/slate clean, and you know what the future holds for lithium demand.

Would you buy GXY at today's price? The low debt, near term producer, and 100% owner of 3 excellent properties! I'm a buyer.

Be it delays, poor communication, shorts or uneducated selling. I'm just loving the chance to get a company of this quality for such a low price. My price target is $1b market cap and that's a 100% gainer from here. My timeline is after 2q earnings 2017.

I'm no better at predictions than anyone else here but you can feel the momentum shifting in EV's & grid storage.

The headlines in 2016 have been smaller and subtle, but every, emphasis now, every major auto manufacturer has announced in 2016 $billions into EV programs. Slated to be ready to sell 2018 and beyond.

Do your timelines. A car ready for the showroom in late 2018 needs lithium in early 2017.

The contracts awarded for grid storage in 2016 will need to be built. Lithuim will need to be sourced.

I'm just suggesting that the squeeze for lithium is only in the earliest stages. My own opinion. DYOR and connect the dots.

Where, when, who will be in position to sell this Lithuim to those who have staked their $billions on new models, and signed contracts to provide grid storage, they have to have it.

I can only find one company that has the profile of GXY. I'm not going to sell, I'm not nervous about a dip in SP. Sure I don't like seeing red in any investment, but the world would need to be rocked and Trillions lost in order for the demand for lithium to dwindle.

Being early in your investment doesn't mean your wrong.....

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Ah yes, I forgot to mention grid (and off grid) energy storage
I was very early in my investment - like 2009 early lol...

GXY Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
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