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GXY, GALAXY RESOURCES LIMITED
blacksheep
post Posted: Apr 30 2018, 02:54 PM
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Had to respond to media speculation in the Australian suggesting - "Galaxy to sell $460m lithium stake"

QUOTE
Response to Media Speculation
Galaxy Resources Limited ("Galaxy" or the "Company") (ASX: GXY) notes the media speculation today regarding the Company’s Sal de
Vida lithium and potash brine project in Argentina (“Sal de Vida”).

Galaxy has appointed J.P. Morgan Australia Limited as its financial advisor to evaluate strategic options for Sal de Vida.
As previously advised to the market, the Company is currently in discussions with a range of parties in relation to potential offtake and
strategic partnership opportunities. These discussions are preliminary in nature and there is no certainty as to whether any definitive
transaction will eventuate from them. Galaxy will keep the market informed of any material developments in line with its continuous
disclosure obligations.

The Company released a Revised Definitive Feasibility Study for Sal de Vida on 22 August 20161, which supports a low cost, long life
project with robust economics. This revised DFS estimates:

 A post-tax net present value of US$1.416 billion at an 8% discount rate (US$1.043 billion at a 10% discount rate).
 Sal de Vida having the potential to generate average annual revenue of US$354 million and average operating cash flow of US$273
million per annum before tax (net operating cashflow of US$182 million after tax).
 Average operating costs of US$3,369 per tonne before potash credits and US$2,959 per tonne to produce battery grade lithium
carbonate.
 A total capital cost of US$376 million.

The Company confirms that all the material assumptions underpinning these estimates continue to apply and have not materially changed.
Galaxy expects to announce the results of an updated Revised Definitive Feasibility Study on Sal de Vida during May 2018, which shall
include updated economics for the project.


Still heavily shorted - #4 on Shortman's Top 100 - Current position 23rd April, 2018 15.11%
https://www.shortman.com.au/top
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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: Feb 13 2018, 12:15 PM
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In Reply To: blacksheep's post @ Feb 3 2018, 07:28 PM

SP up 6.54% today @ $3.42/share currently.

Some speculation in the media re a lithium deal with BMW maybe helping the SP along? Whether or not it has legs time will tell
QUOTE
BMW may sign deal for Galaxy lithium
The Australian-13 hours ago
Demand for cobalt, nickel, manganese and graphite, also used to make cars, is also said to be high. Galaxy's Sal de Vida deposit is one of the world's largest undeveloped lithium brine deposits, with strong expansion potential.

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

Said 'Thanks' for this post: arty  
 
OZGAZ
post Posted: Feb 4 2018, 09:53 PM
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In Reply To: blacksheep's post @ Feb 3 2018, 07:28 PM

True Blacksheep and I will keep the powder dry come Monday and conduct some fence watching to see what pans out on the DJ



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Smile while TRADING it's only money... :)
 
blacksheep
post Posted: Feb 3 2018, 07:28 PM
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In Reply To: OZGAZ's post @ Feb 2 2018, 10:19 PM

Perhaps, but with the Dow Jones falling 600 odd points on Friday I think our stocks are in for a bit more pain come Monday- I may be wrong. Also the lithium story has come off the boil somewhat.
https://www.bloomberg.com/news/articles/201...op-markets-wrap



--------------------
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
 
OZGAZ
post Posted: Feb 2 2018, 10:19 PM
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Must be getting close to oversold cool.gif



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Smile while TRADING it's only money... :)
 
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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Posts: 6,091
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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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Posts: 6,091
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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
 
 


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