GXY 0.00% $5.28 galaxy resources limited

There seems to be a battle between the chartists and people who...

  1. 12 Posts.
    There seems to be a battle between the chartists and people who understand fundamentals here. This is by far the best lithium junior as it has the most developed PRODUCING AND PROFITABLE spodumene resource, the best undeveloped brine resource (ask anyone with a technical Lithium background) as well as a second spodumene resource in North America which again is probably better than any of its Canadian competitors. Add to that a management team that has already taken the company from nothing to an ASX 200 company. People who think that there will be a flood of new entrants swamping the spodumene market have never tried to get one of these things into production and up to spec. Galaxy will have premium pricing for several years to come and after that they will have cheap brine to drive profits. The chart looks like there is no support and I have no opinion on where this will trade in the short term, but this a $3.50 stock on even conservative Lithium pricing assumptions.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.