Buying shares in a company on a dream is never wise
Going on fundamentals Galaxy is a Dud.
My Cattlin has shipped 15k this year.
They may be producing and choosing not to sell at a loss while they have cash.
Or maybe they are not producing
Spodumene prices have fell to a level
That most are producing at a loss
There is no turnaround in sight.
Supply will outstrip supply for some time.
Maybe for years....when entry level electric cars are priced at $50k plus
Eventually all that cash from POSCO will be gone
and the CRs will start....
Cheers
GXY Price at posting:
$1.83 Sentiment: Sell Disclosure: Not Held