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GXY, GALAXY RESOURCES LIMITED
blacksheep
post Posted: Nov 14 2017, 03:02 PM
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In Reply To: blacksheep's post @ Oct 19 2017, 12:28 PM

Broke through the $4 mark today - currently $4.02/share - got a mention in Vesna Poljak/AFR article - Galaxy, Orocobre, agree the world will not get enough lithium in time

Read more: http://www.afr.com/markets/galaxy-orocobre...u#ixzz4yNZNUF3m
Short positions have declined from a high of 12.36% back in September, to 8.59% as at 8 November 2017
https://www.shortman.com.au/stock?q=gxy
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 19 2017, 12:28 PM
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In Reply To: blacksheep's post @ Oct 12 2017, 07:51 PM

Galaxy moving up in the lithium world

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Shares in Galaxy are up by more than a staggering 90% since the start of August, reaching a new six-year high of A$3.73 today.

Since the end of August, the company has seen institutions on its register rise from 42% to just under 47%.

“We’re seeing much more of the non-mining, non-resources investor,” Tse said on a teleconference today, adding that Galaxy had received interest from sovereign wealth funds.

http://www.miningnews.net/operations/produ...IQN1jiQ.twitter
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Short sare moving up also
https://www.shortman.com.au/stock?q=GXY



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 12 2017, 07:51 PM
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Interesting hook up, although I've not paid much attention to LPD, or their L-Max technology, in the past

Private Placement To Galaxy
QUOTE
Galaxy will be a strategic shareholder in Lepidico, with a 12% interest in the Company following the completion of
a private placement of 291,750,910 Shares at 1 cent per share.

Demonstrating Galaxy’s support of Lepidico’s business strategy and the L-Max® technology, Galaxy intends to take
up all its rights in the Entitlement Offer, and will nominate a representative to the Lepidico board.

The strategic alliance with Galaxy is based on a shared vision for the significant global opportunity provided by the
commercialisation of Lepidico’s L-Max® technology. With its strong industry contacts and relationships in the
lithium industry, Galaxy will be assisting Lepidico with future business and growth opportunities, evaluating
potential synergies with their Mt Cattlin mine and James Bay projects, as well as accessing additional mica
feedstock sources able to be treated by L-Max®.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 9 2017, 08:46 PM
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Extract from Joe Lowry's Lithium 2018 - An Early Look

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What happens at Galaxy in 2018 is significant. The Perth based company is in the process of moving ahead of FMC in LCE production from Mt Cattlin production alone but in my opinion their real future lies in developing the Sal de Vida brine projection. Beyond that they also have another hard rock resource at James Bay in Quebec. Do they partner or go it alone? One next year’s more interesting questions.


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My expectation is Galaxy will have either financed or done a partnership deal to move Sal de Vida forward. .


https://www.linkedin.com/pulse/lithium-2018...ry/?published=t
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 5 2017, 08:46 PM
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In Reply To: nipper's post @ Oct 5 2017, 05:20 PM

Remember Chris using that line - Galaxy was first in, best dressed in the Lithium space and learnt the lessons before many of the others. - back in Jan 2016 when the SP was circa 20c and today it's gone thru the $3.00 mark - although they did do a consolidation. Posted it on another forum back then

QUOTE
bladerunner Jan 2016
Some interesting thoughts from Chris Ecclestone of Hallgarten...

extract

"Conclusion

Galaxy was first in, best dressed in the Lithium space and learnt the lessons before many of the others. At least from the outside it appears a lesson to learn is to be wary of Chinese bearing gifts. Fortunately Galaxy eventually managed to escape form that relationship and managed to get the money and the house in the form of the Mt Cattlin asset. It has since sliced and diced that asset, and up-focussed its Sal de Vida property.

Now it seems ready to enter the fray as a producer again using its cred as a mine-builder to lure the ever-wary Japanese and Korean seekers of Lithium sources with Galaxys past track record of getting it done. The goal is having them panting for some Sal de Vida."

http://www.prnewswire.com/news-releases/gl...-300106953.html

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Oct 5 2017, 05:20 PM
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QUOTE
As may be remembered we divided the Lithium world into various generations some while back. There was the Lithium 1.0 world of Neometals, Talison, Galaxy, Orocobre and Nemaska and then the Lithium 2.0 group of rising entrants that appeared in 2016. We also declared 2017 to be the lost year in Lithium. Months have gone by and nothing has happened to change our mind on the “lost year” thesis as valuations still largely remain near 18 month lows for many players from both “generations”.

While the market torpor has impinged upon the movements and progress of the industry’s wannabes those that are already advanced from the first generation either are in production, are fully funded or have firm offtakers. Galaxy Resources Limited (ASX: GXY) is amongst those showing rising production numbers and should shortly be showing a positive bottom line. In this piece I shall look at progress in recent times.

Galaxy has gone full circle. It was the outlier hard rock Lithium story at the start of the Lithium boom with its focus being the Mt Cattlin spodumene deposit in Western Australia when everyone else was off chasing LatAm salares. After bringing that to production, then focusing on the downstream with a processing plant in China, then disposing of that plant and then refocussing on the Australian mine, it has parallel processed an Argentine salar in recent years and that has now moved into poll position in its list of foci.

Nevertheless with its burgeoning production from Mt Cattlin and now its evolving Latin brine focus, Galaxy is one of the few listed companies we can think of (though Talison used to be an example) that straddles the two types of mineralisation (and the two continents). Clearly it hopes the ultimate outcome will be as profitable for shareholders as the ultimate fate of Talison.Mt Cattlin

When first mooted the Mt Cattlin project was aiming to produce 137,000 tonnes of 6% spodumene concentrate per annum. The mine also has a Tantalum by-product credit which was expected to be 56,000 lbs per annum of Tantalum Oxide if production reached the aforementioned spodumene tonnages. In its current manifestation the target is 160,000 tonnes per annum of 5.5% spodumene concentrate with a goal of getting to the 6% grade. We have not seen much lately on the strategy regarding the Tantalum component.

For a couple of years Mt Cattlin was mothballed. It was for a brief period the “other” Australian Lithium producer from spodumene with the “big” producer being the Greenbushes mine, which was owned by Talison, until that company was taken over for around $760mn by a consortium of the Chinese producer, Tianqi, and Rockwood (now Albemarle).

As for Mt Cattlin, the comparative cross-sections below are a good visualisation.Greenbushes is the long-producing property of Talison and is the most problematical property logistically but is compensated with a good grade. Neometals’ Mt Marion has the advantage of a minimal strip ratio and a grade that is double Mt Cattlin’s. Strip ratios for the Mt Marion deposits range from 1:1 to 2:1. Meanwhile Mt Cattlin has the Tantalum credits.

The Restart: All long lead items required for the restart were ordered in late December 2015, with the 2016 production timeline comprising:
- Fines circuit commissioning – late March 2016
- Coarse circuit commissioning – late June 2016
- First export of concentrate – estimated July 2016
- Plant optimisation process – completed December 2016

I
QUOTE
October of 2016 it was announced that Mitsubishi would buy 100% of the spodumene output of Mt Cattlin and Mitsubishi did indeed buy the first shipment. The March quarterly statement announced that Galaxy had signed binding agreements with Chinese offtakers for 120,000 tpa during the December quarter, which seemingly gazumped the Mitsubishi transaction. In the June quarterly report the company reported that it has satisfied all offtake supply obligations from 2016 priced at US$600 per tonne and that henceforth the 2017 pricing terms would kick in at a much more lucrative $830 per tonne for 5.5% lithium concentrate (rising to $905 per tonne for 6% concentrate).

Production Progress: Output is ramping up nicely at Mt Cattlin. Production still has to hit higher targets though as forecast production was supposed to be 160,000 tonnes of spodumene in FY17 and it stands at around one third of that level, halfway through the year. An undershoot seems probable but nevertheless Galaxy is now a world-ranking producer and on the way towards meeting its targeted run-rate in the first half of 2018.

Financials: With volumes rising and the low priced initial offtake satisfied and replaced by the more lucrative contracts at a price a full third higher the revenues should expand substantially in the second half of FY17 as well as margins widening out. ( Here are the financial for the recent past and some projections looking forward.
https://investorintel.com/sectors/technolog...thium-liftoff/)

Cementing its reputation as a reliable producer should be key in Galaxy negotiating higher its prices in coming years and hopefully bettering these projections.

Conclusion
QUOTE
Galaxy was “first in, best dressed” in the Lithium space and learnt the lessons before many of the others. At least from the outside it appears a lesson to learn is to be wary of “Chinese bearing gifts”. Fortunately Galaxy eventually succeeded in escaping from that relationship and managed to get the “money and the house” in the form of the Mt Cattlin asset plus the cash to get it finally into production.

With product churning out at an increasing rate, Galaxy and its near- and distant-neighbours in Western Australia have put spodumene back into contention in the Lithium race when it looked in 2010 as if salares would conquer the world. With Tianqi and Ganfeng having got their grips on the two other main deposits, Galaxy looks ripe for the “Empire Strikes Back” and a Japanese move to defend territory against Chinese encroachment, dare we say, domination. Galaxy with Mt Cattlin and the advancing Salar de Vida project in Argentina looks like prime takeover fodder in the game of international Lithium chess currently being played
https://investorintel.com/sectors/technolog...ithium-liftoff/



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

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blacksheep
post Posted: Oct 4 2017, 10:03 AM
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In Reply To: blacksheep's post @ Oct 3 2017, 12:10 PM

Looks like AFR's "source" got it wrong (again)

QUOTE
Response: No, but see comments in paragraph 3.

[i]Is GXY aware of any information concerning it that has not been announced to the market which, if known
by some in the market, could explain the recent trading in its securities?

In responding to this question, [u][b]please comment specifically on the article published on the Australian
Financial Review’s website at 12:20pm today, Tuesday 3 October 2017 entitled “Galaxy strikes deal with
Japan’s Panasonic: sources” which states
:

“…it is believed Galaxy Resources has inked an agreement with Tesla battery supplier Panasonic.
Sources told Street Talk managing director Anthony Tse, chairman Martin Rowley and other directors were
in Japan for a signing ceremony two weeks ago. Shipping data also shows product from Mt Cattlin being
shipped to Japan.”


Response

The facts in the article set out in your letter and referred to above are not factually correct Galaxy is uniquely
positioned in the global lithium market and is currently engaged in discussions with a number of parties in the
battery supply chain, including Panasonic, as part of its normal business, however these discussions are at this
stage informal. The Company is also in confidential discussions with car manufacturers in respect of the long-term
supply of lithium but these discussions are also at this stage informal.

The Company will make an announcement on ASX if these various discussions are completed. At this point in time,
no agreements have been signed




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 3 2017, 12:10 PM
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Galaxy Resources strikes deal with Japan's Panasonic: sources

QUOTE
y Sarah Thompson Anthony Macdonald Joyce Moullakis
Hot on the heels of Pilbara Minerals' deal with Chinese automaker Great Wall, it is believed Galaxy Resources has inked an agreement with Tesla battery supplier Panasonic.

Battery makers like Japan's Panasonic have been looking to lock in supplies of high quality lithium to ensure they have enough material to meet demand for their lithium-ion batteries, used to power electric vehicles.

Sources told Street Talk managing director Anthony Tse, chairman Martin Rowley and other directors were in Japan for a signing ceremony two weeks ago. Shipping data also shows product from Mt Cattlin being shipped to Japan.


Read more: http://www.afr.com/street-talk/galaxy-reso...m#ixzz4uPHwaZvg

SP up 8% @ $2.96

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
arty
post Posted: Sep 26 2017, 02:14 PM
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In Reply To: blacksheep's post @ Sep 16 2017, 11:19 AM

It seems someone has been keen to load up at lower prices.
The gap left 2 weeks ago has today been filled, and buyers pushed the price back up on good volume.
Watch out for the next breakout.

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)

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blacksheep
post Posted: Sep 16 2017, 11:19 AM
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In Reply To: blacksheep's post @ Sep 12 2017, 08:40 PM

GXY gets a mention here - Blackrock is now the largest shareholder in GXY.

BlackRock fund bets big on electric future for lithium

QUOTE
Fund manager Evy Hambro amasses stakes in small miners of metal used in vehicle batteries


https://www.ft.com/content/7f0f5630-9242-11...e6-11d2f0ebb7f0
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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