Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

0.00%

$5.28 galaxy resources limited

ORE* I always love your analysts Thesi and regularly read and...

First 355 Last

Share
Profile

Follow
trentwilliam

263 Posts.

104

07/09/17

13:17

Post #: 27061338
Share

Originally posted by Thesi ↑

Hi @trentwilliam that's an interesting analysis and I guess all we are really weighing here is profitability in the near term.

Adding in things like 2018 contract pricing, announcement for Sal De Vida, expanded resource for Mt Cattlin along with that of James Bay prior to the DFS in my view certainly stack the odds in Galaxy's favour. But then there is also the sentiment towards renewables investment and that of lithium / energy storage which is great for both stocks.

The ownership factor also adding into the equation has always been a reason for steering me to maintain my holdings with Galaxy and is something that should be considered when making a comparison as to where the shareprice might go. Though of course this would be tied to potential earnings also wouldn't it?

I think ORE has been through a rough patch not dissimilar to the one we are moving out of and a quarterly earn the same as Orocobre's annual is likely to propel us along nicely.

Hopefully our friends at Orocobre can maintain their shareprice to help us along, though I am often reminded that we need to place any company in its own box when it comes to a final analysis. But it's really the only comparison point on the ASX other than Neometals.

Thanks for sharing.

Expand

ORE*
I always love your analysts Thesi and regularly read and take on board what you say, much respect to you ✌
Iv been onboard for 2 years now and always try to dmor but sometimes it is almost easier (and perhaps more accurate) when i just leave it up to the brains trust in you, ac, upstart, bob, bron, etc etc.
Thanks guys!

The biggest doubts i have in gxy is just how many more bags will be in it!

GXY Price at posting: $2.23 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets