GXY 6.40% $3.51 galaxy resources limited

squeeze please, page-77

  1. 3,892 Posts.
    lightbulb Created with Sketch. 945
    "The report was very very good IMO."

    I found it very hard to fault as well.
    So on that basis a red day is almost a certainty. Going from history that is.

    Talk about taking opportunity when it knocks. Anthony Tse took the company from a debited mess that was basically bankrupt, to the cashed up company we see today, he timed the lithium run to perfection to bring us out from the depths and imo made the most of the opportunities it presented (ie SDV North Sale to Posco). This report positions us well for the future. Cash, recoveries and still a lot more news flow to come. Upgrades at SDV, recovery details, etc.

    And best of all. A turn in Lithium sentiment looks on the cards and AT was clever enough to put in place a "re-negotiation" of pricing to take advantage of any spike in pricing, rather than lock in 12 months of lower prices influenced by China selling a whole heap of rubbish product on the spot market.

    Its short lived. AT is betting on that and as usual has already positioned GXY to grab the opportunity for higher pricing the moment it raises its head again.

    Poor management? Not in my book. Maybe people just don't see the signs or don't know what they are looking at?
    Last edited by Subs: 28/02/19
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.