GXY - Galaxy Resources

[Gringotts Bank]

I'm still excited.
Held up well today with not much selling. Watching the next move, looking OK so far, but have to break that next level which may halt it and cause a partial retrace.

View attachment 46499

I just lost my excitement. I'm out for now. The spike to $1 killed it. Very hard to survive a 9% gain on volume followed by a big reversal bar. I'd like some at 90c.

 

[mr. jeff]

Yeah I stepped aside and now there will be a train running through that we are not on!

Ouch. 1.55. See whether it runs there Monday. Release at 19:39 today.

 

[SuperGlue]

GXY announced first lithium carbonate production at its brand new plant in China.

Hope this will boost the SP when it commence trading tomorrow.


http://www.asx.com.au/asxpdf/20120410/pdf/425j4m8pkhjmx6.pdf

 

[SuperGlue]

Ouch.............

That's what happens with capital raising.

Production or not , doesn't make any difference.

 

[Chasero]

18 Apr 2012 0.745 0.68% 0.750 0.730 1,072,613
17 Apr 2012 0.740 0.68% 0.750 0.730 1,338,054
16 Apr 2012 0.735 -3.29% 0.765 0.735 2,613,981
13 Apr 2012 0.760 1.33% 0.770 0.760 1,334,369
12 Apr 2012 0.750 -15.25% 0.785 0.740 9,287,612

Price seems to have stabilised?

-15% drop after C/R. Might grab a small parcel if it drops any lower to the low 70s.

 

[fatmango]

Company updates, merger acquisitions......all the reading seems to indicate a bright future, but he share price continues to recede. Any thoughts?

 

[springhill]

GALAXY’S JIANGSU PLANT ACHIEVES BATTERY GRADE SPECS


● Lithium carbonate product from Jiangsu meets all battery grade specifications
● Plant achieving 99.5% purity required by battery cathode customers
● Samples being sent to long term offtake customers
● Revenue from technical grade product continues
● Revenue flows increasing alongside Jiangsu Plant output.
● Company sees positive operational cash flow achieved in Q1 2013
● Chinese lithium carbonate prices up 17% since same time last year
● 12 months’ worth of spodumene feedstock in reserve for Jiangsu Plant

 

[Gringotts Bank]

Chart looks good to me. Been ranging a bit, now top of range and good volume last two bars. Little bit of buzz around it on some forums.

 

[Gringotts Bank]

Chart looks good to me. Been ranging a bit, now top of range and good volume last two bars. Little bit of buzz around it on some forums.

I've since found out there is some chance of a cap raising. So that's me in and out for a loss. How annoying.

 

[SuperGlue]

"Tesla Motors Inc. is expected to make a big announcement regarding its”gigafactory” battery plant this week. The announcement should include important details like location, cost and potential partners, analysts said."

-------------------

Hmmmmm....GXY has been on trading halt since early February. "Potential transaction which would strengthen the companys' balance sheet"

With its a large resource holdings in Australia, Canada & Chile, advance and fully automated Lithium Carbonate factory.
& Low share price.

Prime candidate for something to happen...............................?????

http://blogs.marketwatch.com/energy...ed-to-announce-gigafactory-details-this-week/

 

[SuperGlue]

Prime candidate for something to happen...............................?????

6 times request for "Suspension from Official Quotation" from 31 Jan to 1 May due to:
"Potential transaction which would strengthen the companys' balance sheet"

Doesn't sound very good by the looks of it.

Would appreciate anyone familiar with financial matters, please clarify "Bond conversion" on page two of linked report.
http://www.asx.com.au/asxpdf/20140203/pdf/42mhjxvhw1djq5.pdf

 

[SuperGlue]

My dream bubble has burst.

Lithium plant in China has been sold off, subject to blah blah blah.

http://www.asx.com.au/asxpdf/20140430/pdf/42p8t1th24tgkw.pdf

 

[pixel]

My dream bubble has burst.

Lithium plant in China has been sold off, subject to blah blah blah.

http://www.asx.com.au/asxpdf/20140430/pdf/42p8t1th24tgkw.pdf

That's now settled, making room for a rebirth in Sal de Vida.
The chart suggests a bottom is in and we see a sequence of higher highs and higher lows.



I'm holding.

 

[pixel]

Let's try again...
Materials were a drag on our market, so the pullback in the months since May was nothing out of the ordinary. With the renewed interest in all things Lithium however, and following the JV with GMM, Galaxy looks set to prosper again. Technicians will notice the Double Bottom at 2.4c. It gives me an initial target of 7.2c.



As the break of 4.8c appears to be confirmed, I've stopped swing-trading and hold a full position.
Trailing Stop 5.4c.

 

[pixel]

Still holding, although I did take some profit at the 7.2 target. (Wish I had bought instead )
Reluctant to add because of all those gaps below that make the chart resemble a Swiss cheese.

 

[pixel]

Still holding, although I did take some profit at the 7.2 target. (Wish I had bought instead )
Reluctant to add because of all those gaps below that make the chart resemble a Swiss cheese.

Here we go: A Shooting Star candle. Looks like day traders playing funnybuggers up to 9.9c.



I'm still holding my last position. Tomorrow will decide whether this candle gets follow-through or was merely an orchestrated scare.

 

[pixel]

Here we go: A Shooting Star candle. Looks like day traders playing funnybuggers up to 9.9c.

I'm still holding my last position. Tomorrow will decide whether this candle gets follow-through or was merely an orchestrated scare.

I now consider the gap at 6.7-6.8 a continuation gap that may stay open for a long time; bought last week at average 7.7 and look forward to another attempt at 10c.



Also note its "relative" GMM and today's news: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01691718

 

[pixel]

Canaccord starts coverage with a 16c target price:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01697396

Well, let's first have a crack at 10c.



I'm increasing my lt position while also trading swings inside Darvas boxes.

 

[pixel]

Canaccord starts coverage with a 16c target price:
I'm increasing my lt position while also trading swings inside Darvas boxes.

correct link to the report:
http://www.galaxylithium.com/Investor/reports/20151216-CanaccordResearch.pdf

Market reaction suggests we may be close to breaking above 10c

 

[pixel]

target: 15c?