GXY (ASX) New Lithium Related Article

Originally posted by whisky49: ↑

Ignore Tweets or speculation, we have just been given an update on SDV , and the bold wording below tells you everything you need to know, the process will take the time it takes and could involve any number of options but won't be rushed...nothing other than a binding agreement will stop people speculating on what form that agreement might take, or taking notice of Tweets, they will then speculate and tweet on something else...the below is from the company who are actually doing the deals and discussions will be confidential...

Cheers Whisky

"Throughout the second half of 2018, Galaxy advanced a comprehensive evaluation of strategic options in relation to Sal deVida.
Galaxy has received several offers from potential strategic partners which are currently being evaluated in detail.
Negotiations continue to progress, so the Board has resolved to formally extend the process timeline to ensure proper consideration is given to the strategic merits and proposed terms and structures of each of the offers.
Given the superior quality of Sal de Vida as a long life, low-cost operation with excellent economics, Galaxy will only proceed with a strategic partner if the final terms of the relationship properly recognize the fundamental underlying value of Sal deVida and the partner can add additional value to the Project either through technical and/or financial input."

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Looks like the "oversupply camp " is in control and winning over the masses in the 2nd half of 2018 and probably early 2019.
The huge demand for lithium is unquestionable and is getting bigger and bigger in 2 to 5 years time and beyond.
The negative sentiment and lower price means 3 things - not all planned lithium mines will come on stream, only low cost producers will survive and appetite for lithium investment will reduce.
With almost all known planned development / expansion encountered delays, lack / short of funding, flood and lately, the funding saga at Nembuska will only means the lithium price will improve in the middle term.
IMO, current depressed lithium market will bode very well for major lithium producers including GXY (high quality asset, low cost, no funding issues) in the longer term, unfortunately many newcomers (those will limited funding and marginal quality asset) will miss out.
I reckon the lithium tide will turn positive soon.