GXY 6.40% $3.51 galaxy resources limited

Our HC posts have become a bit negative (including my own). ...

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    Our HC posts have become a bit negative (including my own).  That's what happens when we are kept in the dark and forced to speculate. So in line with today's share price increase, I'd like to bring a bit of positivity back into the picture by starting this new thread.

    And to start the thread, I'd like to refer back to the pictures posted yesterday by ljcamp showing the current (january) Google Earth view of the 15 hectares of earthworks and evaporation pondages at SdV.  Goes to show the company has been very active. 

    https://hotcopper.com.au/data/attachments/1438/1438399-526558b705c9888a0c56b09f8190d80b.jpg
    https://hotcopper.com.au/data/attachments/1438/1438400-d3d1c8607161d7348e18d4d82e3927bc.jpg

    And thanks to Ozyoioi for giving us the coordinates to drop into the Google Earth search bar so you can zoom in and see the detail yourself:
    https://hotcopper.com.au/data/attachments/1438/1438404-b24b86c8ccd29d492b07853bfa74bf76.jpg

    And then today Split Fusion's post where we discover that the majority of Livent's customers are outside of China and have committed to prices in-line with or higher than 2018 prices.  Livent of course are our neighbours at SdV.

    https://hotcopper.com.au/data/attachments/1438/1438397-a07763877e04a914ee35c7acdb96954f.jpg
    And now we have the list of Top 20 holders that Ridgewood posted which among other things reveals that some of the biggest shorters have now acquired substantial (though not in all cases declarable) holdings in Galaxy.  They have likely acquired these from retail holders at very low prices as a result of the scare campaigns some of them have mounted about Lithium oversupply and falling prices (based on the China spot price that we see is largely irrelevant to our product). So having benefited from a declining share price through their shorting activities, they will now benefit when the share price recovers.

    The GXY share price should soon experience further substantial increases when the Salta tenement transfers are finalised and the Posco money deposited into the company's bank account, and when a deal is finally announced about the SdV joint venture partner, and hopefully when the company announces a share buyback (or gives us a special dividend). It's all happening thanks to SdV. 

    I hope I haven't offended anyone for pinching and/or quoting from your previous posts, but I think they were excellent posts and I didn't want to see what you had posted sink into obscurity.  Getting this kind of information is why I am on HC.

    Viva Sal de Vida!
 
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