GXY 1.88% $1.36 galaxy resources limited

The short term sentiment of lithium market may not be positive...

  1. 476 Posts.
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    The short term sentiment of lithium market may not be positive ATM, the forecast LCE price for the end of 2019 or 2020 has nil material impact to GXY bottom line.
    What matter and important to GXY are :
    1) Current spod price - as long as it is around $650 US per ton and with falling Aussie battler (below $0.70 ) it is a very lucrative margin.
    2) As long as the projected LCE price stay above $12,000 US come 2021/2022 and beyond. (projected production cost of $4,500 US per ton)

    Stay long and do not sell your shares cheaply based on current negative sentiment, what worry me is the opportunistic low ball T/O from the majors which is likely to occur if weak SP persist.
    The ongoing trade spat between US and China may also change the dynamic of battery materials market - hopefully for the better.
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