GXY 0.00% $5.28 galaxy resources limited

No-one. Repeat no-one got it right about the price that Anthony...

  1. 1,658 Posts.
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    No-one. Repeat no-one got it right about the price that Anthony Tse delivered last time.
    Predictions were exceeded by 20-30%.
    Case closed.
    DB even visited China last time and still didn't get it right.

    Mac bank didn't even call any of the companies last time
    so they're at least better than that kind of randomly patched together drivel.
    But DB do a lot of shorting too. They will support that agenda with reports when it suits them.
    And their current financial status could do with all the help they can give themselves.

    Galaxy serves a very specific set of spodumene processor customers.
    They will not be getting supply from anywhere else prior to the next negotiations taking place.
    The laws of supply and demand still apply and point to increasing price pressure.
    Other forecasts I've seen point to as much as a 24% increase in lithium pricing next year.
    Who to believe?

    and no.
    Sydney is not even remotely close to the "action" in lithium.
    Only those little algorithmic machines plugged into the ASX.
 
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