The official Veeky Forums moonstock - GMMXY Edition

SniperWish
SniperWish

The official moonstock of Veeky Forums - GMMXY Edition

GXY NEWS!
They have made a takeover bid on GMM, offering 1.65 shares for every GMM share. GMM shareholders will most likely cast a vote the 17th of June.
James Bay is in preparation

Events waiting for confirmation
drilling assay result due by end of May
Revision of Sal de Vida

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 : 9M Received
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
Future market for lithium is expected to grow significantly
Cheap shipping via close port disclosed (Makes for more leverage in sale discussions)
Possible merge with GMM, making them a much bigger company. GMM also has gold mines. The stock market is very happy with a possible merge, making GXY a much bigger company. Rumors have it that a merged GXY will be taken over by an even bigger mining company (Rio Tinto, FMC, …)
A possible merge will speed up the mining of Brine lithium in Sal de Vida
A possible merge will put GXY most likely on HKSE listing

GXY Cons:
Agreement to contract is with Chinese who are in a commodity bust right now
Pending lawsuit in HK with Chinese buyer of disaster mine ($2-3M)
Mt. Cat shipment date pushed back from Julyish to September

All urls found in this thread:

afr.com/technology/tesla-rival-in-china-plans-to-debut-144000-eroadster-the-qiantu-k50-20160606-gpd1b5
youtube.com/watch?v=igICy9DiWzA
investingnews.com/daily/resource-investing/critical-metals-investing/scandium-investing/scandium-technology-metal-markets-demand-solid-oxide-fuel-cells-alloys/
ncbi.nlm.nih.gov/pubmed/26013580
gizmag.com/toyota-magnesium-battery/43204/
2gb.com/audioplayer/182326

RavySnake
RavySnake

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")

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.

GXY and GMM can be traded on Degiro

Is this a Pump & Dump?!?!!

Are you still asking this? After 2 months you should know better

What is your price target

GXY future VWAP prices:
$0.53 by June 16,
$0.75 by Aug 16,
$0.90 by Oct 16,
$1.43 by Dec 16,
$1.53 by Mar 17,
$2.58 by Apr 18.

TurtleCat
TurtleCat

If you have any news, pros, cons or neutral events to submit, please do.

VisualMaster
VisualMaster

Does GALAXY produce any Scandium?

VisualMaster
VisualMaster

2.58 by April 2018? Oh lord please,please,please!

farquit
farquit

2.58 would be a dream, but it sounds a little too good. Where's this prediction coming from?

takes2long
takes2long

Copied it from a Hotcopper forum which either based it on opening mines on SDV or from a possible takeover by FMC, Rio, ... We'll see.

VisualMaster
VisualMaster

I've got 35,000 moon tickets just waiting for take off

Bidwell
Bidwell

Damn, still behind the curve, I need to get more

StrangeWizard
StrangeWizard

Bamp

Spazyfool
Spazyfool

When is this faggot going to finish the bloody website?

Carnalpleasure
Carnalpleasure

Right? And when is quebec guy going to grace us with his presence and give us the heads up of his company's acquisition? Fuugh

StrangeWizard
StrangeWizard

Trump is the official moon stock of biz dummy.

Sir_Gallonhead
Sir_Gallonhead

I really need to get into the market of selling trump items. His followers will suck up anything.

On topic, has anybody heard from Czech dude since last weekens when he claimes the site was launching?

Methshot
Methshot

all of the first GXY posters that bought in April are over 100% return, so I doubt they give a fuck about this thread anymore.

TreeEater
TreeEater

What is your target price? I'm looking to sell around $0.8 (USD)

Emberburn
Emberburn

What?! You're not going to dump it all are you? What about the dividends? Also, I think now everyone is seeing Galaxy isn't just a flash in the pan pump and dump. They're the real deal

FastChef
FastChef

Will they ever pay out dividends do you think?

Stupidasole
Stupidasole

The board on Galaxy has to decide when that's going to happen to attract investors, maybe if the stock jumps after they show what's hiding in Mt.Catilin which I think was supposed to happen around July august or September. Shit maybe they get acquired by FMC or one of the other big boys like what's been going around. Hopefully soon though, I'm ready for dat dere dividend monies.

Nojokur
Nojokur

And here I was thinking that 'going to the moon' was related to the name 'Galaxy'

shitbrick.jpg

viagrandad
viagrandad

Buy on open or will there be a drop to .45?

Boy_vs_Girl
Boy_vs_Girl

There is a LOT of interest now the Moonstock GXY simce the takeover of its partner GMM was announced....and The merged company will start work on the Sal de Vida (Salt of Life) deposit which is one of the world’s largest and highest quality lithium brine deposits in Argentina. Id say good chance of further share price rises tomorrow onwards.

FastChef
FastChef

There was already a small drop after the initial GMM takeover hype and I don't expect it to go back to 4.50. But what do I know...

takes2long
takes2long

where is my dividend?

Gigastrength
Gigastrength

nigga, you barely own 1000 shares the fuck you need a dividend for

RavySnake
RavySnake

Thanks lads

likme
likme

I'm getting in today Because Im confident the next few months are all good for Galaxy.. LOTS of interest as the next major lithium company.

Deadlyinx
Deadlyinx

GXY has Lithium sourced from rock and brine,
GXY takeover of GMM makes it a $700 million dollar company.
Lots of peole now know who GXY is.

hairygrape
hairygrape

im still alive guys, Im trying to launch that site, I know that you dun give a shit that im super busy - business meetings all over the Moon.. so gimme some time, it will be worth it

Playboyize
Playboyize

also does anyone archived all the previous threads? so i can make a timeline

Inmate
Inmate

Not all of us. Commissions prevent me from jumping in and out so I'm only up 50%.

Spamalot
Spamalot

guys if GMM and GXY merge, it means that GXY will keep the ticker and gmm disappears, so gxy would gine GMM share value? So it would be like almost 1 usd?

TalkBomber
TalkBomber

Would gxy not initially go down sonce it is the acquiring company?

kizzmybutt
kizzmybutt

i'm new to this stock. would GXY be the preferred stock over GMM? i'm doing some reading about it now, but it'd be good to get clarification about what to read into.
also, does it make a difference if you buy the US market or Euro market?

Raving_Cute
Raving_Cute

No, its pink sheets on Euro and US. GALXF for North American markets.

WebTool
WebTool

go on interactive brokers if you have alot of cash, or Degiro if you're a bit short on it.

Bidwell
Bidwell

I got in at 0,28. Would it make sense to average up or should I just sit on my 3k Shares and hope for a good ride?

SniperWish
SniperWish

Seems you were right, it did go down.

DeathDog
DeathDog

As far as I know the merger hasn't happened yet. As for why we lost a penny today, in my little knowledge, I just assumed was the response to the jump it had last week. But a more knowledgeable could tell you and me more if they want to be so kind.
(Tbh I'm hoping it goes down to .30 so I can buy more. Galxf that us.)

Inmate
Inmate

Ill see how it opens tomorrow before I buy some. I haven't invested in it yet because im skeptical on most of Veeky Forums's stock picks. But the arguments to buy are pretty good so I think it is worth the risk

Deadlyinx
Deadlyinx

not investing $50,000 in GALXF.... ishygddt

LuckyDusty
LuckyDusty

This still worth buying now?

haveahappyday
haveahappyday

I think so. I really do think it will go down past 30 and will only climb from there

PackManBrainlure
PackManBrainlure


Tesla rival in China plans to debut $144,000 e-roadster the Qiantu K50

afr.com/technology/tesla-rival-in-china-plans-to-debut-144000-eroadster-the-qiantu-k50-20160606-gpd1b5

SniperGod
SniperGod

Was that a typo? I really do think or really don't think? Which one?

idontknow
idontknow

Lol my bad bro "I dont"

rev up those lithium mines boys

girlDog
girlDog

Is anybody familiar with mergers in concerns to stock? As you can tell from my former posts I'm still learning when it comes to the market.
My questions are:
Will this merger necessarily be a good thing? GXY is the acquiring company, after all. What are the reasonings for GMM, and for that manner, GXY being eager for this? I've read a decent bit of their incestor presentations but they only talk of assets. Sure, $700 million in assets is well and good, but what are they? I can't imagine having it all wholly in mining equipment being a good thing if there is no liquid to sustain on.
I'm probably just being stupid, but nobody really seems to be questioning it.

StonedTime
StonedTime

Site better give blowjobs when it's done.

Soft_member
Soft_member

Took out SolarCity with cheap and more efficient solar cells
Now going after Tesla

Shit, those chinamen have a hard on for Musk don't they.

eGremlin
eGremlin

Is gxy up 40% today? No it's not.

Is TRUMP up 40% today? Yes it is.

Stop claiming official stock of biz. The rightful owner of that title is TRUMP.

haveahappyday
haveahappyday

So I'm completely new to this company. I'm reading their March 31 Mt Cattlin report and it says that this project is only one of two new sources of hard rock lithium to come about within the next 18-24 months. Are they talking about worldwide sources of lithium? And if so, who has access to the other mine?

Methshot
Methshot

Also I'm watching this video now, is a maiden shipment the first major shipment of a product?

youtube.com/watch?v=igICy9DiWzA

MPmaster
MPmaster

First shipment of ore from a particular mine.

takes2long
takes2long

That's what I thought. What do you guys think of Pilbara Minerals Limited? Too late to get in now?

Gigastrength
Gigastrength

ok

RumChicken
RumChicken

how did everyone go today? i sold at 0.49. tried buying back in again at 0.475 but didnt happen.

AwesomeTucker
AwesomeTucker

Tesla might have to branch out into scandium for Solid oxide fuel cells (SOFC) in case the chinks take the lithium market!! investingnews.com/daily/resource-investing/critical-metals-investing/scandium-investing/scandium-technology-metal-markets-demand-solid-oxide-fuel-cells-alloys/

girlDog
girlDog

Solid oxide fuel cells
are 20-30 years before market utilization as auxiliaries, not as full drives. the rate of material degradation at high temperatures is too high and SOFC are only economically feasible as full drives if they give the energy output only high-temperature cells 900°C can produce. also having something that operates at a temperature above 600°C in your car is a risk.

Tesla might have to branch out into scandium
you don't need scandium for SOFC, you can use yttria and gadolinium stabilisation of zirconia instead of scandia for the electrolyte. YSZ (Yttria Stabilised Zirconia) is the most commonly used electrolyte because of its superior stability, also the amount of scandium needed in producing an electrolyte is miniscule to the point, that for SOFC there is already more than enough scandium produced.

One more thing, SOFC is a solid oxide fuel cell, it is not an EV-drive. It uses fuel, only that it uses it up to *50% more efficient.

*as they, the producers themselves, claim.

kizzmybutt
kizzmybutt

Yes we will see what the scientists come up with in the future. One just never knows what is going on in the labs.

Techpill
Techpill

What do you guys think of Pilbara Minerals Limited?

They are just too far away from production.

With GXY already saturating the market demand to a degree, NMT entering as second (although NMT is only a minority stakeholder at the Mt Marion mine, the bulk is managed by Ganfeng a Chinese lithium corporation), FMC trippling their lithium export by 2018, it will be hard for Pilbara to not get squeezed out.

PLS will need good lithium prices if they want to manage an RC for CAPEX and OPEX of their mine, in 2016 they are still at research however. My guess is they are too late, when their mine is finished (if finished) the lithium demand will already be saturated by other companies, namely ALB, SQM, FMC, Ganfeng, Tianqi, GXY, ORE, NMT.

Also the Rio Tinto Group has a lithium asset in Serbia that when developed will supply 20% of global lithium, namely 125.3 Mt grading 1.8% Li2O. Pilbara Minerals, although currently considered the biggest undeveloped deposit in the world, only has 80.2 Mt grading 1.26% Li2O.

Rio Tinto Group is a global mining superpower however, that has more money than a couple of countries combined, if they want to muscle in into the lithium market (and giving $70mil as they did last week just for a DFS of their Serbian project one can assume they will) they will muscle in. They don't need favorable stock market conditions to finance their projects, thus if they decide to develope the asset in Serbia, it will be done in record time.

If you want to invest in lithium, invest in the companies that are juniors which will produce this year, everything else will be culled.

Nojokur
Nojokur

I was direct speaking with Silicon Valley tech startup peeps (drons, cargo drons, e-commerce), they said that the lithium battery technologie might really change so that the demand will disappear, what do you think about it? You know SV startups are so agile that they might push their techs hard

Emberfire
Emberfire

they said that the lithium battery technologie might really change so that the demand will disappear

Currently there is no battery on the market that has as feasible -energy density / charge;discharge cycle- ratio as the Li-Ion battery has, this is also the main reason why it is so dominant on the market.

I am not aware of any battery technology which could surpass it in the near future, namely 5 years. There are however promising technologies in research, that could achieve higher energy densities than Li-Ion, like the one using magnesium instead of lithium, but they are currently underdeveloped. Marked by the absence of practical cathodes, appropriate electrolytes and extremely sluggish reaction kinetics. For more information read this ncbi.nlm.nih.gov/pubmed/26013580

One has to bear in mind that even if there is an eureka moment next year and Toyota manages to produce a stable Magnesium battery prototype, it would need a lot of time before it goes mainstream. The Li-Ion first commercial battery was made in 1991 by Sony, it became commercially succesful just recently. Also according to Toyota Researchers that are developing the Magnesium Battery which could compete with the Lithium one, they are estimating that it could be 20 years before these batteries go mainstream. For more information read this gizmag.com/toyota-magnesium-battery/43204/

So at the current state of research, there is no battery technology currently in development that could compete with the Lithium Ion battery on the market for the next 10 - 20 years.

Emberburn
Emberburn

Should I wait for 0.246 or something around that number or buy now?

Stupidasole
Stupidasole

My fellow burgers, how'd you enjoy your day of gains?

TurtleCat
TurtleCat

Set up a tradeking account to invest and am currently waiting on a wire transfer. I'll be buying around 1000 shares and I think I might buy my dad some shares for father's day.

GoogleCat
GoogleCat

Awwww yiissss cracking the 52 week high.

w8t4u
w8t4u

I think im selling tonight and buying more with profits on a next dip

takes2long
takes2long

Moonboy, is that you?

BunnyJinx
BunnyJinx

in the pipe, five by five

cum2soon
cum2soon

2gb.com/audioplayer/182326

Ross Greenwood speaks to Michael Fotios, Executive Chairman of General Mining Corporation about the lithium price boom

inb4 bored and cashed up retirees with nothing better to than listen to 2gb and meme invest buy up Lithium stocks

We 65c tomorrow bois

StrangeWizard
StrangeWizard

I lost 150 bucks on this shit due to being a retard and not noticing that my broker was charging 50 commission a trade. Initially thought the loss was computed from the discrepancy in bid and ask prices.

My fault for being a dumbass I guess.

Hope that guy's right about 65c. Bought in at 30 so only need a bit more to cover my idiocy.

TalkBomber
TalkBomber

50 for a trade? Dude you're getting fucked.

eGremlin
eGremlin

Jesus you're getting ass hammered by that comission nigga, most are 10-20 for a trade and some like degiro go to extreme lows of 0.50. Stop getting robbed user, either call up your broker and settle a new price (warn them that you got better competition, this actually works often) or just actually leave and get a decent one.

Ignoramus
Ignoramus

I'm getting fucked for a "foreign transaction fee." Any other burgers know dick about this?

Illusionz
Illusionz

Are you trading GXY or GALXF?

RumChicken
RumChicken

I'm paying this exact price w/fidelity. It's the reason I didn't buy any dips since my initial purchase. I would be interested in hearing about any American brokerages that don't screw you buying GALXF.

BinaryMan
BinaryMan

GALXF

Schwab here, pal. Glad I'm not the only one getting reamed. Still feel like an idiot for not realizing it before buying in THREE TIMES.

eGremlin
eGremlin

Don't suppose GALXF is on robinhood

Spamalot
Spamalot

Im thinking of investing 100kaud in this shit. Should i just yolo and go with it?

viagrandad
viagrandad

the meme starter as he lives and breathes

fuckin god wise user, where were you???

massdebater
massdebater

1 dollar by end of year

Emberburn
Emberburn

Worth buying Gxy and Platina ? Although GXY went up today annoyingly

RavySnake
RavySnake

Yes The future metals are bringing in the STAR TREK era.PGM

BlogWobbles
BlogWobbles

Put a bit os Scandi on that Lith!!

DeathDog
DeathDog

Just pgm? Should I just buy at 0.115 now? And galaxy is up to 57c any future in that?

Fried_Sushi
Fried_Sushi

With GXY its on another burst take a chance get in now or..maybe after a day or two get in...PGM just had a huge rise then dipped PGM is a long term hold.Stil lneeds more news about the negotiations there involved with right now. An announcement must be soon. HONESTLY THEY ARE BOTH BUY AND HOLD LONG TERM...IM NOT GOOD A PICKING SHORT TERM STOCK BRO!

Garbage Can Lid
Garbage Can Lid

Was there an news article or something?

That buy sell rate seems mental!

King_Martha
King_Martha

So where is the best place to buy for burgers?

5mileys
5mileys

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.

GXY and GMM can be traded on Degiro

Is this a Pump & Dump?!?!!

Are you still asking this? After 2 months you should know better

What is your price target

GXY future VWAP prices:
$0.53 by June 16,
$0.75 by Aug 16,
$0.90 by Oct 16,
$1.43 by Dec 16,
$1.53 by Mar 17,
$2.58 by Apr 18.

w8t4u
w8t4u

THE GOD OF Veeky Forums HAS RETURNED. ONE SHILL TO RULE THEM ALL

idontknow
idontknow

What do you guys think of PIO?

Flameblow
Flameblow

PIO had its spike in MAY...settled down now...But it needs to step up more...you have to read all their announcements and go to Hotcopper..com and see what their saying. A lot of shilling but some times you get a feel for it.

Dreamworx
Dreamworx

so if i bought gmm at 0.87c i would effectively be buying gxy at .52c?

Crazy_Nice
Crazy_Nice

Just invested 50k in an etf tracking crude oil futures, 10k in etf tracking australian realestate, 10k in an etf tracking staple foods and now waiting for an entry point on the lithium. Really dont want to buy more that .50c/s

Harmless_Venom
Harmless_Venom

All the the etf are x1 since i want more long term shit

Soft_member
Soft_member

+10% today
Is this liftoff?

viagrandad
viagrandad

GXY has a trend of jumping in price then falling slightly, would it be smart to consider selling at current price now in the hopes that it falls tomorrow and I can buy them back at a lower price? Or would it be best to just hold?

haveahappyday
haveahappyday

I have 1250 shares and transaction fee is $20AUS

Garbage Can Lid
Garbage Can Lid

Is $20 Aud the norm? It's only $6.99 per trade for me in Canada

Emberburn
Emberburn

Are Black people allowed to buy gxy?

RavySnake
RavySnake

Yeah in my experience its the norm

eGremlin
eGremlin

Sure but you cant pay in food stamps.

Sir_Gallonhead
Sir_Gallonhead

tfw you sold at .45 and put the gains into XTV
please kill me

Gigastrength
Gigastrength

Sorry for your loss bro

TalkBomber
TalkBomber

This
My condolences

Fried_Sushi
Fried_Sushi

If you're not willing to hold this stock for 10 years than I don't know why you bought it for 1 minute.

Inmate
Inmate

Are people hanging on to this or are you all shorting the fuck out it and making bank?

Skullbone
Skullbone

Hanging on for dear life, this rocket going to da moon baby! Also buying chunks when it dips and selling when it spikes, I have a "core" amount of 20k shares that I won't sell until it's big money.

TurtleCat
TurtleCat

People are shorting this? Geez I feel bad for them.

viagrandad
viagrandad

Also buying chunks when it dips and selling when it spikes
This is what i meant. I thought thats what shorting was derp.

I have noticed how it jumps then dips, shit i would do it as well if I had enough play money.

TechHater
TechHater

Shorting is that in reverse order: sell high first, then buy low later. Borrow someone else's stock for the whole thing.

eGremlin
eGremlin

You guys should be buying GMM instead of GXY. There is a small difference between it which will give instant bonus if they merge. (which will happen, look at the number jezus)

GoogleCat
GoogleCat

Can someone post Level 2 info for GXY and GMM?

RumChicken
RumChicken

They announced a merge on the 30/5

TalkBomber
TalkBomber

just bought 30k AUD of this gobshite at .535
please hold my hat for this ride

TalkBomber
TalkBomber

Anyone here follow AKK?

Emberfire
Emberfire

Yes... They announced it. But it's not a close deal yet. GMM shareholders have to vote for it first.

whereismyname
whereismyname

how will that effect stock prices?

Deadlyinx
Deadlyinx

just baught 570 shares of GXY at 0.40. this shit better go to the moon. what happens during a merge exactly?

cum2soon
cum2soon

One share GMM would be changed to 1,6 shares GXY.

Methnerd
Methnerd

hmm. is that an equal conversion?

RavySnake
RavySnake

I can't hold all these gains

Snarelure
Snarelure

Im expecting a average drop to rebuy next week with this week gains

RavySnake
RavySnake

One company takes another company into itself. There are some bumps. Usually around nine months later a small company emerges.

Methnerd
Methnerd

Lol

BunnyJinx
BunnyJinx

Where do you guys find these companies? What I've noticed is that they are usually smaller companies in the 100-500 million range, sometimes smaller. And they have important news coming up. (resource exploration, new product release, mergers, etc).

What information sources and stock screeners are you using? Any specific indicators you look out for?

Fuzzy_Logic
Fuzzy_Logic

$SQQQ <3

farquit
farquit

Where do you guys find these companies?

from him

Ignoramus
Ignoramus

Always read a book about stocks and shit before you start to trade

hairygrape
hairygrape

570 shares of a pennystock? Dude atleast buy with more than the value of your piggy bank

Deadlyinx
Deadlyinx

Someone sees a small company with strong fundamentals, gets in, and then spreads the word here (among other places) so the awareness pumps up the stock to its real value. It's win win.

Techpill
Techpill

So that's nearly $100 dollars in American?

Nojokur
Nojokur

You can be an assistant space janitor with that amount

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