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hoek67

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30/04/19

09:31

Post #: 38319103
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Originally posted by Kotaredrew: ↑

Gees, can understand everybody’s frustration with the sp and shorters, etc, as the lithium market has been trashed! Don’t just think its Galaxy related, it is across the whole spectrum of lithium miners- big and small!
These troughs are common with mining- check out the iron ore price, gold price, etc, and you’ll find that pricing/demand goes up and pricing/demand goes down.
Now this will ensure the minnows really struggle and will mean longer term many of these hopefuls won’t get to market. It will also mean some great buying for companies like GXY who have good cashflow and aren’t managing debt. It will also mean that most of the ‘new’ lithium won’t get to market.
Unfortunately lithium is off the boil- this ‘could’ turn any day and the bottom won’t be far away- but there are no guarantees in life- so you have three options- sell, hold or continue to buy.
Doesnt surprise me that Instos are trying to control the sp and allowing it to be beat down- whilst they lend their shares to be borrowed, and watch their share price crash there must be a silver lining for them- otherwise they wouldn’t do it! And the lining is that they probably continue to buy in at ridiculous pricing and continue to accumulate and force retail out.

So your options are buy, hold or sell, but these Instos won’t want the prices south forever, and the lithium pricing won’t be south forever, and those shorts won’t be able to find much stock to buy back,

so I’m holding knowing that eventually the love will come back to the market and pricing, and that the company will be in a great position to expand, and with a small share issue that GXY hold, it will mean the price will TAKE OFF, it is just getting wound up sooo much tighter.
So before you sell now at the lows- ask yourself if the GXY fundamentals have changed?

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I agree about the minnows, this slump will not help them when they really need something to ensure their survival. Long term, if a few non-producers go "belly-up" then that will in turn make GXY and survivors worth more in the long run.

In the last few years I've actually though there might be a slither of hope for the human race... if we don't ween ourselves off oil dependence then I believe their is no hope. Battery technology with solar and other green technology for now and in the future hopefully fusion power will deliver.

What we really need is a BIG solar and/or battery breakthrough that tips the scales for this technology for even "blind-Freddy" to see.

GXY Price at posting: $1.52 Sentiment: Buy Disclosure: Held
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