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GXY, GALAXY RESOURCES LIMITED
blacksheep
post Posted: Jan 30 2018, 02:59 PM
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In Reply To: blacksheep's post @ Jan 17 2018, 10:02 PM

Updated chart. Seems Macquarie recently downgraded GXY from a Neutral to Underperform with a revised target price of $3-ish from a previous $4-ish - ouch! Maybe they've gone short?
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: Jan 17 2018, 10:02 PM
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In Reply To: blacksheep's post @ Jan 17 2018, 07:58 PM

Lithium miners pull back on concerns prices have peaked
https://www.ft.com/content/4ab61d19-cedc-35...2d-c40eeda591fe



--------------------
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: Jan 17 2018, 07:58 PM
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In Reply To: blacksheep's post @ Jan 11 2018, 08:58 PM

Notable short alert reported by Shortman yesterday - 16 Jan GXY 2,460,426 407,264,180 +0.60%
https://www.shortman.com.au/movers

Looking at today's UBS ann- Becoming a substantial holder - they appear to have borrowed GXY shares
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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: Jan 11 2018, 08:58 PM
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In Reply To: blacksheep's post @ Jan 11 2018, 06:05 PM

Tweet from Germany.

QUOTE
Germany following global Li-Trend today:

$AVZ -6,88% @ € 0,203 = A$ 0,308
$AGY -3,10% @ € 0,250 = A$ 0,379
$TAW -2,79% @ € 0,348 = A$ 0,528
$PLS -6,17% @ 0,7560 = A$ 1,146
$AJM -0,66% @ 0,300 = A$ 0,455
$KDR -4,35% @ 1,320 = A$ 2,106

Of course it's not just Li companies, it's across the whole market - here and overseas

QUOTE
The move hit stock markets as well, with US markets on Wednesday snapping a winning streak that started at the beginning of the year and Australian stocks falling for two straight sessions
.

QUOTE
"The market is trying to understand the end of quantitative easing and what that will look like," Mr Martin said.

"People are now looking for the turning point. They are trying to work out what happens when this long bull run ends," he said.

http://www.smh.com.au/business/markets/inv...111-h0gtvn.html



--------------------
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: Jan 11 2018, 06:05 PM
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In Reply To: nipper's post @ Jan 11 2018, 03:26 PM

Yep - down 10.76% for the day

Below are the other major Li stocks charts - similar losses, although GXY incurred the biggest loss for the day
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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: Jan 11 2018, 03:26 PM
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In Reply To: blacksheep's post @ Jan 11 2018, 01:39 PM

..... and closed at $3.98.



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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

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


blacksheep
post Posted: Jan 11 2018, 01:39 PM
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In Reply To: blacksheep's post @ Jan 9 2018, 06:39 PM

SP has had a good run - reached a high of $4.54 yesterday which was a bit overcooked IMHO - and is retreating today along with a number of Li companies. Market down across the board.
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: Jan 9 2018, 06:39 PM
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GXY is covered in this UBS report and given a target - GXY.AX Neutral N/A A$3.60 05 Dec 2017

Galaxy Resources 13 GXY.AX Neutral N/A A$3.60 05 Dec 2017

Note Required Disclosure -
QUOTE
]13[/b]. UBS AG, its affiliates or subsidiaries beneficially owned 1% or more of a class of this company`s common equity securities as of last month`s end (or the prior month`s
end if this report is dated less than 10 days after the most recent month`s end).


QUOTE
Lithium – prices higher for longer;Orocobre, Galaxy Resources, Albemarle in production with growth options

http://nzuricopper.com.au/wp-content/uploa...S-battery-1.pdf
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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: Dec 20 2017, 11:06 AM
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Posts: 5,223
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QUOTE
The Galaxy share price has been on an impressive run over the last six months and risen a staggering 127%.

This means that the lithium miner’s shares are now rapidly closing in on their all-time high of $4.08.

Can they continue to climb higher?

Following the recent lithium pricing update by rival Orocobre Ltd (ASX: ORE), I would say that Galaxy’s shares are about fair value based on the prices being commanded by producers at the moment.

In light of this, I wouldn’t expect its shares to climb notably higher in the coming months, making it a hold for me.

However, should demand continue to outstrip supply, as Orocobre’s management has predicted, then prices could increase further in 2018 and lift Galaxy’s shares.

But even so, I would suggest investors look to get in at a cheaper price in order to gain a more compelling risk/reward.

What is a good buy price?

I think that investors that can snap up shares at $3.50 will do very well from an investment in Galaxy. Especially if they are prepared to hold onto their shares for the long-term.

Due to its three world-class assets, high prices, and growing demand for lithium due to the seismic shift to electric vehicle usage, I believe Galaxy could outperform the market significantly over the next five years...
- Motley Fool



--------------------
"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

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Dec 13 2017, 01:10 PM
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In Reply To: blacksheep's post @ Dec 7 2017, 12:16 PM

GXY in the media - http://dailytelescope.com/pr/china-taking-...hium-race/28889

QUOTE
Regardless if China moves ahead, lithium prices don't appear to be abating any time soon so new lithium resources like A.I.S. Resources' Guayatayoc project in South America are likely to bring tremendous value and aid in the move to electrify the auto market.

POTENTIAL COMPARABLES

Galaxy Resources (OTC: GALXF)

Galaxy Resources Limited is a lithium-focused resources company, with assets spanning Australia, Canada and Argentina. Galaxy is currently advancing plans to develop the Sal de Vida Lithium and Potash Brine Project (“Sal de Vida“) in Argentina, which is situated in the Lithium Triangle, a region where Chile, Argentina and Bolivia meet. Sal de Vida is a proven high quality resource has excellent promise as a future low cost production facility. Galaxy also owns the Mt Cattlin Spodumene Mine near Ravensthorpe in Western Australia and the James Bay Lithium Pegmatite Project in Quebec, Canada.

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
 
 


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