GXY 0.88% $1.14 galaxy resources limited

Today on Nasdaq Lithium Americas ("LAC") announced increase in...

  1. 373 Posts.
    lightbulb Created with Sketch. 149
    Today on Nasdaq Lithium Americas ("LAC" announced increase in the indicated and measured reserves to 17.9 million tons of Lithium Carbonate equivalent at their Cauchari Olaroz project in Argentina. This make the salar the second largest on the planet. Also Ganfeng Lithium increased their stake by 12.5% in the operating company by injecting $160 million dollars to 50%. The stock jumped 11.4% but is still trading at a 71% discount to the price that Ganfeng paid to acquire the asset. LAC is now essentially a Chinese company.

    The above is just a sample. Every large and medium sized lithium assets has seen Chinese or Korean names either in off-take agreements or direct equity interest. I am waiting to hear what AT has to say regarding SDV in the coming weeks. If they do sign up a good partner this stock is going to fly.
watchlist Created with Sketch. Add GXY (ASX) to my watchlist
(20min delay)
Mkt cap ! $466.8M
Open High Low Value Volume
$1.13 $1.18 $1.13 $5.587M 4.851M

Buyers (Bids)

No. Vol. Price($)
10 343221 $1.14

Sellers (Offers)

Price($) Vol. No.
$1.15 39734 4
View Market Depth
Last update - 16.10pm 20/09/2019 (20 minute delay) ?
0.010 ( 2.75 %)
Open High Low Volume
$1.14 $1.17 $1.14 616051
Last updated 15.59pm 20/09/2019 (live) ?
GXY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.