GXY 6.40% $3.51 galaxy resources limited

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  1. 3,784 Posts.
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    "...At least you’ll be one of the healthiest and fittest Galaxy shareholders of the 16-18% of us retail walkers in the Galaxy. And in time, some healthier looking numbers in your Galaxy holdings."

    Bron, that would be true if I didn't follow up my walks with consuming copious amounts of chocolate to further drown my sorrows.

    But, enough of that. I share your curiosity with the short term support level. If we look at volume action alone, then it is clear there has been little interest in this stock (along with other Li stocks) in recent times. What will change that??
    Obviously, an announcement on SDV partnership. But, that doesn't look like it will happen soon.
    So, what else?
    I think Subs suggested that the Q1 CY19 production numbers may be more impressive than the market expects. And, that GXY may simply be delaying sales to later in the year when the expected spod price turnaround will emerge.
    Any of these eventualities will lead to increased interest in GXY and a corresponding surge in demand for the stock. This is when we are likely to see the end of this period of "death by a thousand cuts".

    That's when the chocolate will be replaced with something more liquid..... an amber fluid to be more precise.
 
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Currently unlisted public company.

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