May 2017. Sp 2.50 after consolidation.
1 shipment, $40m debt, contract price $600s
Mcbank value $3. EVs were unknown. Lithium was unknown. SDV and JB unknown.
The above is not logically possible other than manipulation through shorting.
15% short vs 80% plus institutions. Many short traders and their managers will be out a job. Retailers going for the ride.
Galaxy customers make hydroxide not carbonate. The fall of carbonate in china is for technical and not battery grade.
Technical grade is for glass, tyres, lubricants etc.
Galaxy is the only OZ miner with the YOP. Spodumene to 1mm is pickedup. The machine is set to 80% recovery output. The recovery is highest and purest out of OZ miners. Cheap carbonate producers in china are about to go bankrupt, they can't get funding. How many know this? Better read up.
Auto producers are spending tens of billions to transition to EVs. SDV need less than $500m to keep an auto, not only from extinction but have a large market share. SDV will be producing battery carbonate. Battery makers will make huge profit selling battery packs. Think they won't get a partner???
Hydroxide and carbonate are as important as each other. Some application require carbonate, others require hydroxide. Two different markets alot like manual vs auto.
Galaxy financial year is Jan to Dec. The quarters mean very little. Only the muppets on HC think the qrts are important. The forecast is 180k- 210kt for the year of high grade and low impurities spod for making hydroxide. If not, the whole chain dies without any effect on gxy. Remember the bank balance?
SDV is a giant hobby, the autos and battery makers need for big profit. Short sellers can't cover, there's no shares on market to buy. Institutions will increase buying, they know short sellers can't get out. If retailers haven't sold yet, they're not going to sell.
Cheap quality carbonate producers in china can't get international nor local funding. Battery carbonate and hydroxide producers get funds from worldwide via EVs and devices. Auto makers can't afford not to have battery supply.
The change of board thread, should read change of bored.
GXY Price at posting:
$2.17 Sentiment: Buy Disclosure: Held
