The Boring Company, page-2

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Lilow

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20/08/17

19:05

Post #: 26618880
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Originally posted by Pine10 ↑

Galaxy Resources is the boring company. It's the sort of company Grandpa Buffett would recommend.
A true ASX 200 battler. Gone are the wild days of ten baggers and day trades that could net you a cheeky 10% with a few cents movement. Any Shorter, Day Trader worth their salt would be looking elsewhere. A decent short position could land you in a whole lot of trouble at next trading halt. Not because the SP will go through the roof but it will adjust and rise steadily as good safe Grandpa stocks do. The analysts will slowly keep running the ruler over the operation and gradually increase targets each year. The Super funds will slowly come on board as the risk profile is adjusted.
If you're here to make a fast buck you're in the wrong place. In my opinion Galaxy is a producer that has a lot of slow growth ahead. I trust some of the FA the experts leak and a few people on HC who are so friggin smart I can't understand why the Trading Houses don't have on board (or maybe they do).
I,m not good enough to play the charts or rumour game. If I was there are some fantastic opportunities with the penny stocks that this sector is attracting. The Galaxy shareholder profile is maturing. Good to see it dropping down the Hotcopper most discussed. Bar a bit of speculation about what deals the board are staring at right now and banter between old friends who all had a seat on the roller coaster of a company that was nearly not a going concern in 2015, there is not much to analyse here. In my opinion it,s a set and forget stock. It will grow. There is some truth to the lithium hype but it is like an oil tanker that needs to turn around. Very slowly!
We are at the table with the the big boys and girls and unlike most of the others at that table, lithium product is Galaxies core business and it's assets are 100% owned and for now operated. It can sell as much as it can produce and over the years that will be a decent chunk of world production.

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Was it really necessary to start another stupid thread!

GXY Price at posting: $1.91 Sentiment: Hold Disclosure: Held
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The Boring Company, page-2

Top Stories

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Utah authorities sign off on Anson's lithium extraction plans at Green River

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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