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GXY - Galaxy Resources

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mr. jeff said:
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
Click to expand...

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.
 
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.



 
Ouch.............

That's what happens with capital raising.

Production or not , doesn't make any difference.
 
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.
 
Company updates, merger acquisitions......all the reading seems to indicate a bright future, but he share price continues to recede. Any thoughts?
 
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
 

Attachments

  • gxy_ax31jan12_to_04aug12.png
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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 said:
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.
Click to expand...

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.
 
"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/
 
Prime candidate for something to happen...............................?????
Click to expand...

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
 
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.
 


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.
 
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.
Click to expand...

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 said:
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.
Click to expand...

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
 
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