GXY 6.40% $3.51 galaxy resources limited

SP tumbling, is there a agenda? And how low will it drop, page-97

  1. 635 Posts.
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    How have we missed any boat, if anything we are sitting at the helm of the Battleship.

    Don't forget that we have received SEVERAL OFFERS for SDV, the ball is in our court.

    Also these chemical companies may not entirely subscribe to the bear sentiment of the banks as they are going to NEED the supply of miners to meet the Demand of auto companies which every day grows as on twitter you see more and more electric cars, bikes, boats, house batteries being created.

    The more these Banks push an oversupply and absolutely pummel the sector they will be causing a supply shortage unintentionally (or intentionally) as loan financing is almost impossible,

    Just look at Nemaska who are in a dire position with funding required, and may be forced into a terrible deal to survive, (or will look to Lepidico's Hydroxide tech which im sure GXY is eyeing off)

    yet look, Gangfeng, POSCO etc are still helping PLS, AJM etc to get to nameplate as they NEED the spodumene.

    There is no desperate position for GXY,

    - we have offers,
    - we are building a 15ha pond.
    - FEED is underway.

    but we will not sell out a 40 year stake of the worlds best undeveloped salar when the 'market' is at a low.

    I support this strategy from Management.
 
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