It took a while to crack 30c, and now that is well in the past..... So many sellers were dreaming to sell at 30 - and some did, and the rest have every opportunity to do now at 35 (all in 8 days).
New high?? What you expecting man - 50c? 60?
We are at all time highs )
Galaxy partnered with GMM and gave up 50%
In turn we have partnered with Mitsubishi (to broker under amazing cash terms, for a certain fee)
GMM projected 2016 spodumene prices of $445
The Mitsubishi terms are for $600
That's a 34.8% premium (say Mitsubishi charges 10/15% brokerage - and gives us cash stepped 0/14/30 days).... And some people thought CR was required!!!
To recap
GXY give GMM 50%
Then we give Mitsubishi 34% (yep, the entire premium)
And yet, EVERYONE is making money..... Now just spend a moment and think how much money is there in lithium??
GLTAH, and all time highs are being made month by month, just give it TIME.
Ps. Time = patience + tolerance
We still have a buyer at 16c, from January... And GXY has one at 18c.
GMM's biggest shareholder is 18%, and formerly of NST (do yourself a favour anytime you question your investment or share price and look at that stocks chart over 5 years).
GMM Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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