Typically sensationalist headline from the sub-editor but the substance of the article is basically a massive thumbs up for Galaxy.
"Canaccord Genuity analyst Reg Spencer is positive on the outlook for lithium but said the prospect of a supply response from incumbent producers meant
he favoured companies already in production like Orocobre and Galaxy."
If anything, it should encourage more lithium investors to plant more of their profits into a position in Galaxy as a de-risked investment.
As for the concept of near term over-supply and how it might impact Galaxy - I'm not going to waste any more pixels on this. We have our contracts and we're off and running - producing lithium concentrate while others must fight their way up hill to finance, build and operate a mine, without any prior experience in doing so.
It's a beautiful day Spring day in Perth and probably sun shining down south there on Mt Cattlin too.
Enjoy your weekend.
