"The lithium bears at Macquarie are tipping a tough time for Australian hard rock producers, suggesting a number may be forced out of the market as oversupply swells."
Macquarie again! Pushing the oversupply barrow yet again. I agree with them though that a number of Australian producers may be forced out of the market, but it will be due to debt and inability to fulfill contracts, not because of oversupply. And it won't be Galaxy which has it all over some of those other producers due to cash in bank, no debt, great assets (rock and brine), produces high quality spodumene, and enjoys a great relationship with some important clients. Once it acquires an interest in a converter, GXY will be unstoppable.
I'm comfortable now with my investment in GXY. The worst is behind us, so I'm going to take a little holiday from HC for the time being. I'll be back after a month or so. Best wishes.
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