Seeking Alpha article, page-39

First 39 Last

Share
Profile

Follow
muscleman

1,953 Posts.

56

27/06/16

21:59

Post #: 18135972
Share

Originally posted by Thesi ↑

It's probably not the place to discuss other stocks. However, there is no fear in the Galaxy forum doing so, so I am sure no one would have an issue with a brief answer.

I only hold BAR out of that list. They don't have many shares in the market. They are into gld, but also like you have brought them for the cobalt story. It will be interesting to see how things progress with them and CNJ.

If we are talking about lithium, you would notice that a lot of the lithium stocks are circling, but right now discussions are underway for contract renewals and the lithium spot price has his around 165,000 yuan which will push up the negotiating power.

A discussion I had recently was that no more spodumene would be sold to the rest of the market by Albermarle and Tianqi from Greenbushes and that could be highly beneficial to Galaxy Resources come later this year when the negotiation for next year takes place.

I often wonder what is happening with that second customer. Last we heard there was ongoing discussions. What those discussions are would be interesting to know but obviously highly confidential. - I still hope for a processor to join the alliance to boost up our income and keep Galaxy Resources debt free. (has anyone else realised this is the only lithium stock on the ASX that will have no debt soon?)

Speculatively, maybe the consideration of listing on the HKSE is to acquire the processor? Its not a dilution if it adds a significant value to the company and brings us to vertical integration.

If Galaxy Resources is going to become one of the top lithium suppliers globally, we will need to be able to process our own rocks. - We just need a processor with experience that compliments what we already have.

I wonder if there is any consideration to negotiate an offtake in aussie dollars next time around... Just something I have been thinking about.

Expand

Hi @Thesi

Thank you for your reply. Much appreciated as your opinion is highly valued!

GXY Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

DXB

Dimerix links up with US NEPTUNE network to boost recruitment for FSGS study

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%