Why the sudden drop??, page-5

As I mentioned in the other thread I think GXY/GMM's off-take with someone we had an MOU with has probably caused people (recent buyers) to dump and run to those stocks with the anticipation of faster returns.

Now, I did a bit of research into GXY when I was weighing up buying them or NMT and I was under the impression that the cost of production of GXY relative to Talison-Greenbushes was higher and the spodumene ore was only 6% Li (c.f. to 7% for Talison and 6.5-7% for NMT's deposity).

Mind you it's hard to argue with a Mitsubishi off-take.

I might buy into GMM as well.

Just an example of how quickly things can change : http://www.abc.net.au/news/2014-05-01/analyst-says-little-hope-of-galaxy-selling-mount/5423682