Don't forget the demand side of Galaxy's business model. Hopefully Mercedes' announcement that it will use Li Ion batteries in its hybrids is the beggining of a trend.
http://biz.yahoo.com/ap/080301/daimler_hybrid_batteries.html
The current gap between GXY's value and price make it a good investment. However, demand Li for lithium is going to start getting a lot more attention from the market in the next few years. To the best of my knowledge, GXY is one of the the closest things to a Li pure play on the world markets.
the demand side of galaxys business
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Last
88.0¢ |
Change
0.010(1.15%) |
Mkt cap ! $356.2M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 88.0¢ | 86.0¢ | $622.7K | 715.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 45901 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 30576 | 17 |
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| Last trade - 12.58pm 10/12/2019 (20 minute delay) ? |
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Last
88.0¢ |
Change
0.010 ( 1.15 %) |
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| Open | High | Low | Volume | ||
| 86.5¢ | 88.5¢ | 86.0¢ | 176094 | ||
| Last updated 13.21pm 10/12/2019 (live) ? | |||||
| GXY (ASX) Chart |