GXY 6.40% $3.51 galaxy resources limited

SP tumbling, is there a agenda? And how low will it drop, page-66

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    Here's a cheatsheet I've come up with that summarises why the share price has and continues to fall. You can jump and scream that there's some agenda behind it, but the facts suggest otherwise:

    1) Mt C is a dud - holders keep saying that it made $100m last year. That is a mirage and this year will be a shadow of that if the last quarterly is any indication with all key metrics being poor. The company keeps pumping money into it and not seeing any improvement in results from it. In fact, the results are getting worse. The value and desirability of the asset keeps diminishing and could even become a liability for the company at the rate it's going.
    2) SDV not that popular - The company has been looking for a JV for what seems like forever. The market knows it's struggling to find a JV that is acceptable to the company, despite the company suggesting that it's in the driver's seat. Sure there are multiple parties interested, but their offers are all low-ball. If I got a bid that I liked, I would accept it. It's not rocket science. It's a myth that companies are jumping over each other to partner with GXY.
    3) Lithium price tumbling - The price of battery-grade lithium has tumbled over the last 12+ months. Despite more electric vehicles than ever being made and the world heading towards renewable energy, the price of lithium has continued lower. If supply is so tight, as everyone is saying, why is the price of battery-grade lithium down? Think about it. The lithium companies are going to say that supply is tight and pricing will recover. It's their job to be optimistic about the resource they sell.
 
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