Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Lithium Converters News/Research, page-7

First 7 Last

Share
Profile

Follow
findinggems

3,083 Posts.

921

19/06/19

07:14

Post #: 39123589
Share

Originally posted by Mturns ↑

As always very informative and useful post that I hope many will read and absorb. You're one of the few posters that appears to have an in depth understanding of the situation.

So a few questions to continue this great discussion......

Why is it the converters are running at a loss? Are they being pushed too hard from the auto manufacturers? Does the economics of lithium batteries not align with retail expectations/requirements for car prices? Is it the high prices that they were paying and are prices even sustainable at current prices?

And the big one that does concern me is......

How is it that our management team could not see this coming? Did they really just get completely played?

Expand

They saw it coming because:
GXY has experienced it with the Jiangsu converter plant years ago.
GXY has refused any JV with Chinese at SDV.

Last edited by findinggems: 19/06/19

GXY Price at posting: $1.37 Sentiment: Buy Disclosure: Held
26 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 63 more messages in this thread...

First 7 Last

Add GXY (ASX) to my watchlist

SPONSORED BY