Galaxy v's Lynas

[lewinsky]

There has been a lot of posts about LYC and I believe in the Rare Earths story. However LYC seems to have lost momentum whereas another Lithium producer GXY is making great strides. Share price movement from 57 to 91 cents in the last month.

The presentation it has recently made is well worth a read if any thing it gives a really good summary of why lithium will become important. It is aiming to have the 2nd largest hard rock mine in the world and be the 4th largest lithium carb producer.

Its market cap is $69.274 mill against Lynas $291.385 million.

I would be interested in the views of those more knowledgable than me on which is the better of the two opportunities.

Currently hold LYC but considering moving to GXY.

Their presentation is well worth a read.

LEW

[SPARKY]

Thanks Lew for GXY, I am keen on the lithium story and recently bought a few ORE after seeing a US Co. called lithium bought into them to the tune of 5 million. Am waiting for the markets to poo thier pants again so I can get some more at a lower price.
Are there any more Lthium plays out there ?.
Had LYC a while ago and made serious coin, for a change, so might have another look.

cheers sparky

[SPARKY]

Just had a quick look at one of GXY presentations,I know its only their side of the story but if they do as good a job of running the co. as the presentation they cant lose.

Was interested to see they have a mine at Ravensthorpe, I worked at the Nickel mine there but didnt realise there was a lithium mine in the area.

cheers sparky

[shasta]

There has been a lot of posts about LYC and I believe in the Rare Earths story. However LYC seems to have lost momentum whereas another Lithium producer GXY is making great strides. Share price movement from 57 to 91 cents in the last month.

The presentation it has recently made is well worth a read if any thing it gives a really good summary of why lithium will become important. It is aiming to have the 2nd largest hard rock mine in the world and be the 4th largest lithium carb producer.

Its market cap is $69.274 mill against Lynas $291.385 million.

I would be interested in the views of those more knowledgable than me on which is the better of the two opportunities.

Currently hold LYC but considering moving to GXY.

Their presentation is well worth a read.

LEW

If you like the Rare Earths story don't forget ARU, & to a lesser extent ALK & GBE.

Only issue with GXY (as was with ADY when they had the Rincon Lithium project), is that the demand isn't growing that fast, & soon the market will be in over supply.

Rare Earths are a different kettle of fish, the Chinese have most of the market - so the few Aussie companies that don't have chinese offtake agreements should be able to obtain good prices supplying the rest of the world, so that China doesn't corner the market!

[stevo1]

If you like the Rare Earths story don't forget ARU, & to a lesser extent ALK & GBE.

Only issue with GXY (as was with ADY when they had the Rincon Lithium project), is that the demand isn't growing that fast, & soon the market will be in over supply.

Rare Earths are a different kettle of fish, the Chinese have most of the market - so the few Aussie companies that don't have Chinese offtake agreements should be able to obtain good prices supplying the rest of the world, so that China doesn't corner the market!

Shasta China HAS cornered the market with 95% of supply of REE and will control both price and supply into the foreseeable future.
With REE demand up its pretty hard to see price going down BUT China COULD blitz non chinese affiliated produces out of production if they so chose to.Unless of course the world is willing to pay a premium for continuaty of supply outside of china.
Pretty hard to go past LYC with reputedly the richest REE deposit in the world
Chinese funding with 51% control I dont believe will happen,unless western interests are still asleep at the wheel and believe in the continuation of fossil fuels.

[lewinsky]

Someone likes GXY, Currently up 8.8% today on reasonable turnover.

Lynas up 0.5 cents on greater turnover.

I am thinking GXY is the better buy.

[lewinsky]

While I like LYC, I took the plunge and swapped my holding to GXY. It has been one of my better moves.

The shares on issue are much less and more tightly held. They have moved around 50% since the swap compared to LYC 2%.

Interesting to see whether it can maintain the momentum.

Lew

[stevo1]

While I like LYC, I took the plunge and swapped my holding to GXY. It has been one of my better moves.

The shares on issue are much less and more tightly held. They have moved around 50% since the swap compared to LYC 2%.

Interesting to see whether it can maintain the momentum.

Lew

Well done Lew smart move.Looks like LYC may be starting a northward move but quite some ground to make up on GXY.

[SPARKY]

well done Lew if you are still in, I quit ORE on the fear of a huge turnarround in global markets, with the hope of getting back in at much lower levels.
I see some tipsheet has been recommending Lithium cos so that may be accounting for much of the increase of ORE and GXY. I feel a major market downturn will impact all shares like last time and apart from all the hype I cannot see good reason for the current market rally, so am mostly out ATM.
Hope I am wrong about the global economy, its just my opinion, and I am usually wrong.

Good luck with your holdings...sparky

[lewinsky]

An excellent start to the week for GXY. They have funding sorted out and will be the fourth largest lithium producer in the world.
I am pleased for all LYC holders that this is moving up as well. I guess I lost patience with them and liked the GXY story a bit better.
lew

[stevo1]

An excellent start to the week for GXY. They have funding sorted out and will be the fourth largest lithium producer in the world.
I am pleased for all LYC holders that this is moving up as well. I guess I lost patience with them and liked the GXY story a bit better.
lew

Well done Lew your instincts were right on GXY rocketed to $2.07,LYC moving ahead but miles behind GXY.

Though in all fairness at this stage the market seems to be veiwing GXY more as a lithium play and probably is more comparable to ORE.

[lewinsky]

Hi Steve,

I got giddy this afternoon and sold at $2.15.

A nice call on ORE as well, hope you are still holding.

I still like the GXY story and hopefully there will be a pull back and I can buy back in.

Otherwise I am happy with doubling my investment in three weeks.

A couple of heiny's are in store.

LEW.

[stevo1]

Hi Steve,

I got giddy this afternoon and sold at $2.15.

A nice call on ORE as well, hope you are still holding.

I still like the GXY story and hopefully there will be a pull back and I can buy back in.

Otherwise I am happy with doubling my investment in three weeks.

A couple of heiny's are in store.

LEW.


WOOOHOOO good on ya LEW great to see.
Nah still holding ORE sitting on a paper gain of 576%

but quiet happy to let it run or otherwise,Lithium from brine is a lot cheaper to produce than from Spodumene rock.

http://www.orocobre.com.au/PDF/Orocobre%20all%20charged%20up.pdf