GXY 6.40% $3.51 galaxy resources limited

I don't think the JV partner would be finalized any time...

  1. 1,793 Posts.
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    I don't think the JV partner would be finalized any time soon.
    GXY missed that boat last year, when companies were throwing stacks of $ even at Lithium hopefuls.

    Right now, GXY has money to keep tagging along. Moving the projects along while sitting and waiting if sentiment and conditions around lithium will change.

    It would make no sense for the management to rush into a JV partnership with unfavourable terms, in current climate. When it's not in desperate position and could easily wait and see what conditions will be in 6 months or a year. Especially as it has the money to progress projects to some level in the meantime.

    It's not as easy for LT holders when they don't know what's going on, but it is what it is. Imo
 
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