New Lithium Related Article, page-9

First 9 Last

Share
Profile

Follow
Jehosephat

2,728 Posts.

377

27/05/18

21:32

Post #: 33327997
Share

Originally posted by Wary 1 ↑

There is an interesting article in yesterday's The Age newspaper (Melbourne) - "Unplugged: Still Idling on electric cars".

https://www.theage.com.au/business/...-behind-on-electric-cars-20180525-p4zhgg.html

It talks about how despite the slow take-up of electric cars in Australia, the increased penetration of EVs overseas has been good news for Australian lithium companies. It specifically mentions Kidman Resources and Pilbara Minerals. It mentions how Kidman has one of the biggest lithium projects in the world at Mount Holland in Western Australia, has recently struck a supply deal with Tesla, and its share price has increased more than four-fold over the past year. And it mentions how well Pilbara is doing also. There is no mention of Galaxy.

It's quite depressing reading about all this great news about KDR and PLS and to wonder if perhaps I'd backed the wrong horse going with GXY. Particularly now when the price seems to be falling yet again (albeit on low volumes). I'm out of it now for the time being until the trend starts going the other way, but I can't help feeling disappointed with the way things have been going when I had such expectations. I feel like I should have looked more closely at some of these other Li companies.

Expand

Speaking to a Tesla rep the other day, it appears that there is a 7-8 month wait on Tesla Powerwalls in Australia. If true, it's a sign of the pent-up demand that is currently being unleashed by customers of battery storage.

GXY Price at posting: $2.97 Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Yet more Wall Street highs to flow on to gaining Oz shares | July 4

CCO

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Trump chides Powell as Goldman call for calm. The RBA must be nervous

NUZ

Neurizon significantly advances NUZ-001, enters global licensing agreement

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

There are more pages in this discussion • 4,758 more messages in this thread...

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

New Lithium Related Article, page-9

Top Stories

ASX Market Open: Yet more Wall Street highs to flow on to gaining Oz shares | July 4

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Neurizon significantly advances NUZ-001, enters global licensing agreement

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Featured News