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
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pilbara minerals limited
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$1.70

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Last
$1.70 |
Change
0.120(7.62%) |
Mkt cap ! $5.438B |
Open | High | Low | Value | Volume |
$1.67 | $1.73 | $1.63 | $116.7M | 69.20M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 118277 | $1.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 338675 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 175130 | 1.690 |
29 | 562620 | 1.685 |
33 | 364450 | 1.680 |
20 | 438625 | 1.675 |
21 | 426559 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.695 | 244568 | 51 |
1.700 | 305585 | 29 |
1.705 | 406164 | 25 |
1.710 | 291720 | 24 |
1.715 | 549766 | 21 |
Last trade - 14.06pm 18/07/2025 (20 minute delay) ? |
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