GXY 0.00% $5.28 galaxy resources limited

GXY vs PLS, page-29

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    If the market feels that the demand for lithium is near saturation by the already producing companies, as well as having the information that a mining giant like Rio Tinto is developing a lithium asset of their own which according to their research surpasses the already known ones and could account for up to 20% of annual global lithium supplies if mined, it will react by being less bullish if not bearish towards junior virtual producers like PLS.

    This is not a favorable condition for companies that need to raise capital from the stock market in order to advance the development of their projects. Rio Tinto on the other hand has no need for favorable stock market conditions, since it has access to enough funding to finish their project in record time, meaning that it is in a position to squeeze out any virtual lithium producer out of the market.
 
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Currently unlisted public company.

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