GXY 2.14% $1.15 galaxy resources limited

The trend is your friend til the end of the bend! To demonstrate...

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    The trend is your friend til the end of the bend!

    To demonstrate that predicting a price increase/decrease doesn't make you a stock guru, see below exhibit:

    Here are the spod/lithium producer price predictions from the famous Morgan Stanley report in Feb 2018 which predicted a LCE spot price decline of 45% by 2021.
    On a side note, they did not mention a major factor of this price decline: upgrading of spod conversion capacity and temporary shut downs leading to deferred shipments!!!

    https://edge.alluremedia.com.au/uploads/*/2018/02/lithium-miners.jpg

    23/08/2019 prices:
    GXY AUD 1.20
    ORE AUD 2.35
    MIN AUD 13.43
    SQM USD 22.00
    ALB USD 59.00
    Tianqi CNY 23.30

    I am way under. But I am a long term investor with a +10 year horizon who has bought at different SP levels (the highest was AUD 3.50). IMHO, the trend is about to approach the bend (I see more upside potential than downside risk). That is why I have been buying again since AUD 1.14. This is no financial advice, just stating that I put my money where my mouth is.
    Last edited by schmunzel75: 26/08/19
 
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