The official moonstock of Veeky Forums - juniors left at station edition.
GXY Pros: > Financials and presentations freely available on GXY's website and are very informative (READ IT AND LEARN) > Mt. Cat mine running and being upgraded > No other WA company has running mine - UPDATE: GXY is a potential buyout candidate based upon recent large interests > $36M agreement to contract for initial production - UPDATE Confirmed recently as formalized > $18M of contract to be paid pre-delivery by 3/31 - UPDATE (no verification if received and dubious it was timely paid) > Really good people running company now vs. prior assclowns > GXY's most recent financials show massive improvements > Has over $200M (AUS) unused tax credits from sale of Chinese disaster mine > Paradice Investors recently purchased significant stock (and did business inspection) > Future market for lithium is expected to grow significantly > Cheap shipping via close port disclosed (Makes for more leverage in sale discussions)
GXY Cons: > Agreement to contract is with Chinese who are in a commodity bust right now > Still no news that $18M was received > Pending lawsuit in HK with Chinese buyer of disaster mine ($2-3M) > Sal De Vida and St. James Bay are years away from production > Mt. Cat shipment date pushed back from Julyish to September > Shitposters plaster threads with speculation and bullshit
GXY Non-Events/Neutrals: > Acorn Capital sold many shares - funds to this all the time and recent Paradice investment negates > Stock does have volatility due to speculators galore (but as Warren Buffett states: "Volatility doesn't mean risk") > Some Czech guy is allegedly making a website but it is missing like the $18M
How do I buy GXY
> IF AUSSIE: GXY > IF BURGER: GALXF (Traded on OTC Market) > IF EURO: GXYA:F
Can I Trade w/ Robinhood
> Nope.
>Is this a Pump & Dump?!?!!
Nope. See above.
>What is your price target
Assuming lithium prices continue rising - higher. (Do your fucking research.)
Juniors are the dozens of companies doing "exploration" and no production. Capital intensive and not going to produce for years. Most will go bankrupt.
GXY is, outside of the majors, the only producing company.
This is critical with the current shortage of lithium.
Noah Myers
That is much improved. Thanks.
Daniel Martinez
Are you high?
Connor Ramirez
ok got my 3k ready, h-here I go
Carter Stewart
Soooo.... GXY isn't an option on my nISA so I'm going for REM.
Just gotta wait long enough for them to sell out to a producer rather than just speculating.
Nathan Murphy
Interesting article. Seems the major banks are starting to become interested in lithium.
GXY still undervalued and with banks starting to look (especially to cover for oil losses) there is going to be heightened interest. The interest will convert to a stock run-up if banks start purchasing.
Brandon James
Was going to get galxf at .265 but didnt. Its at .3 now.. Is it worth it to still buy?
Brandon Diaz
Follow up. Through much effort, I link the Deutsche Bank's report on lithium.
Disclaimer: I have not read it yet to assess if it is great, mediocre or suck.
Elijah Cooper
Obviously. The only reason it crashed was because a large shareholder dumped for profit. Now its going back to the norm.
It will be 1 dollar by the end of the year.
Jackson Mitchell
God that would be awesome...
Chase Young
And in 2018 it will reach 1 BILLION
Ayden Anderson
I'm about to drop 3k on GXY. Its going to be a stable business if the Big boys are about to jump in.
Brayden Sanders
>tfw you wish you had more liquid assets to dump into this rocket ship
Luke Nelson
Can you define this lithium "shortage"? I've yet to see any evidence of companies being short of what they need. Eg this new gigafactory being down the road from a lithium deposit with no intention of exploiting it in the near future (far future, sure) ...
Jaxson Evans
its looking good today. i guess there aren't many holders anymore? did everyone dump their shares already?
Ryan Diaz
>getting in this late You'll never make it chasing gains
Ethan Wilson
Lots think it'll easily hit .5 though, still lookin at like 50% gains?
William Cooper
>tfw you sell your GXY shares at a $1,500 profit. It's been a wild ride men.
Nathan Lopez
Wish I bought more when that faggot company sold their large share and tanked the price lol. Its going back to the moon
Justin Rivera
I think about selling my GALXF and buying GXY with a different broker.
Thomas Davis
Bought in at 0.45 near the last peak so I'm still holding
Joseph Hall
>Can you define this lithium "shortage"? go read wise user and then come back to the thread. nobody is trying to shill you this stock, the initiation phase was 3 weeks ago, if you want to participate in the thread go and inform yourself on you own.
Landon Kelly
ITT: I don't understand a stock by user told me to buy so I bought it
Nathaniel Martin
NOPE ITT anons who bought galaxy 2-3 weeks ago who held thru the shit talkers and down rampers. If you want to be shilled to ASX thread. cheers {Plenty over at ASX business thread- XTV, IOT ,PSF, XPE for begginers.)
Connor Murphy
Seeing as that no one has posted this for this thread..
Noah Green
post moar
Aiden Peterson
wonder what price I should try to buy in for for GALXF tomorrow.. I won't be able to be at my computer though
think it'll drop to .32 temporarily tomorrow? Or am I fucked.. I feel like i'm about to buy at a newly forming peak and theres gonna be a massive dump again and drop by day traders
Adam Bennett
bought at 0,2, think it could reach 0,8 quickly
Nolan Ramirez
Literally same
Dylan Collins
GOLD backed LITHIUM miners are the hedge against the pending economic crisis OR so say the technical analysts.
Andrew Davis
Hahah I love watching the sell rates change. 1mill + units to sell at .45 Day traders would be loving GXY
Anthony Peterson
sell sell looking thin. might be a late run heading towards the close
Nicholas Price
why is thread dying
Ryder Morales
Lurkers are overwhelming the posters. LURK LURK LURK
Liam Wood
the thread started end of march, and was up every day. people that bought in know everything they need to know, people that are interested won't find any info here because the OP threads are not posted anymore. the threads are made mostly by people that are in the stock and since we wait for june, nothing new will happen until then.
Ethan Diaz
What happens in June? Sorry... A lurker
Landon Wood
Gxy starts shipping, stockprice will rise to the moon obviously. Buy today bro.
Jackson Evans
>tfw the lithium isnt good enough enough >tfw galxf is .02 again
Ethan Baker
ORE has shit lithium, look at their stock. GXY used to produce battery grade lithium in 2009 and still have some in storage.
Asher Campbell
Does anyone want to discuss listed companies that aren't shitty minerals explorers?
Who thinks Greencross (GXL) can succeed in the retail sector?
Austin Cook
I can't handle all this spodumemes...
Bentley Lopez
Get over the the ASX thread, new blood would be welcome
