GXY 0.00% $5.28 galaxy resources limited

short and distort, page-130

  1. 8,033 Posts.
    lightbulb Created with Sketch. 566
    The Bottom was $2.80
    No $2.00
    No $1.80
    Oops now its $1.52

    One day there will be the bottom
    That will take spod prices to improve.
    quite a bit.

    thinking that making more batteries
    will increase lithium prices
    is wishful thinking.

    Demand for milk in Australia has grown quite a bit
    over 10 years...but price has dropped.
    demand has no connect to price.
    a shortage of lithium would increase prices
    but with mines going ahead all over the world.
    no chance of a shortage.
    Batteries cant be made as fast as lithium is produced.
    There in lies the problem

    Cheers
 
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