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65.5¢ general mining corporation limited

Ps What Bubble :) used a mobile lately lappy or even a few happy...

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asahee

563 Posts.

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28/04/16

19:35

Post #: 17624762
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Originally posted by mustpow ↑

GXY has already released the quarterly.

The Strategy seems a bit flawed for GMM. There is already about 30% overcapacity in primary lithium production around the world. It takes no time to ramp that up and oversupply the market.

GXY is sweeping cash from Mt Cattlin and GMM is subsidising it to build a lower cost brine operation which adds to oversupply and will in turn put Mt Cattlin out of business once again. Meanwhile Atlas Mk2 is being built in the Pilbara, the Reeds are doing their nonsense and nobody wants to believe that more overcapacity and oversupply will destroy any new entrants to this market.

Time to sell before the bubble bursts. It happened in Tantalum, Tin, Tungsten and now all the novices who still think rare metals behave like bulk commodities are about to get schooled once again.

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Ps What Bubble used a mobile lately lappy or even a few happy pills not to forget the tiles in the kitchen the windows in your house the drone looking over your fence look on the bright side all predictions at worst 2020.

we are ON

GMM Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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