GXY 0.00% $5.28 galaxy resources limited

haha, yes I did, 12 months and abit.. dump everything, took a...

  1. 1,525 Posts.
    lightbulb Created with Sketch. 17

    haha, yes I did, 12 months and abit.. dump everything, took a nice holiday just before the 1st melt down last year.. and watched another one before end of last year.. but I did miss the big rally even though Munchin called the PPT up to buy everything... ohh well ... But I did have a nice holiday so that counts for something. (The jewel in Singapore only opened a few months ago - you should have a look if you get the chance! And, also Thank you for asking .

    In relation to GXY; I think that the Mount Caitlin is a no goer any longer because this is like their previous life where Mt Caittlin was put on hold and we were all discussing about this big profit that made.. which only came from a reveral impairment which wasn't really a profit... just reversal of how they valued their equipment when they restarted the mine ..... so this is why I think it's now heading in that direction ...

    In relation to SDV and JB, those are too far out and require extensive investment to make it into production and I doubt that anyone in the next 2 years is going to make that kind of investment. THis would probably cause supply to drop; thereby causing prices to rise once more but we are talking about a 5 year view here before that even happens ...

    Given that and there's also more and more battery technology coming out; I personally think GXY is going to back to sleep like the last time and when/if the lithium market wakes up to higher prices; it'll be the brine mining that'll take over the market share.. not hardrock mining...


 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.