GXY 2.14% $1.15 galaxy resources limited

Ann: Quarterly Report - March 2019, page-7

  1. 2,148 Posts.
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    From my point of view, the report isn't the best outlook but all lithium miners are facing issues with pricing however GXY stands out the most as they have more than AUD $350 n cash. Other smaller producers will be in much troubles through this period.

    Their production has improved and cash cost also improving in the upcoming quarters.
    Even though they shipped less last quarter however this is due to low pricing hence they have built the facility to store up up 30,000t to improve logistic and react to demand quickly.
    You must be very braved to short GXY at this level, you might be lucky to earn 10% downward, but it can go 30% or more upward in a short period of time.
 
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