GXY galaxy resources limited

Mgmt control the Co & Shorts control the SP, page-5

  1. 6,054 Posts.
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    Why would today be a "big + day"? What was actually good in the report? They shipped below guidance, they are shutting down 40% of production next year because demand isn't there for the underlying product they produce, they don't disclose the price they are getting and going on previous pricing disclosure it was a horrendous price back then so should be worse now, cash is dwindling away, SDV is progressing insanely slow, the cash they have remaining won't bring SDV to production, GXY seem to be more interested in splashing the cash on other dubious assets, no offtake partner for SDV, etc.

    The whole lithium story has gone belly up. Sure there will be an increase in demand for lithium, I don't think there is any argument over that, but the "exponential" growth of EVs was/is way overhyped and the big lithium producers have got growth covered. Those giga-thingies that are supposedly going to be built in the 2020 decade. Are they actually going to be built or are they just in the *maybe* pipeline?
 
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