GXY galaxy resources
lithium miner.
lithium used in batteries.
does any one follow this company our have views on other lithium miners?
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GXY galaxy resources
lithium miner.
lithium used in batteries.
does any one follow this company our have views on other lithium miners?
Black Fire Minerals (BFE).
Commencing exploration at their Karibib project in Namibia this year. Known hard rock lithium area, with some historic production.
Also have the Mystique gold project, which is a JV with Pacmag. This could be a tropicana look-a-like.
There is a BFE thread.
http://www.sharetrader.co.nz/showthr...&highlight=bfe
There's Arafura - ARU - not a lithium miner yet but worth looking at.
Edit. Correction. Not lithium but "rare earths". As you can see, I'm no expert on the subject!
thank you for the posts.
i should have paid more attention to your picks in
the competion.shasta RDR clearasmud ORE and huang chung with BFE.
going by the charts i should have sort your advice a year ago!!!
never the less i trust THE TREND IS YOUR FRIEND may work for me.
I also have interest in Lithium miners. Kicking myself for missing out a year ago. Will keep a close eye on them.
Hi Percy
This is where I worked a few years ago, at Talison, formerly SGW which went out the back door oweing 1 billion.
Galaxy has the same type of ore body as Talison (Greenbushes)
It has a huge process to get 6% lithium, a product named spodeume. I would treat GXY with caution, unforunately Australia to my knowledge does not has the same type as the salt lakes in South America and I am now risk tolerence to holding shares that operate overseas, in countries like S America.
happy hunting.
http://www.miningaustralia.com.au/ge.../logo-(1).aspx
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Australian Mining - Australia's premier mining news website
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News
Talison withdraws from listing
15 December 2009 | by Cole Latimer
http://www.miningaustralia.com.au/images/printer.png http://www.miningaustralia.com.au/images/comment.gif http://www.miningaustralia.com.au/images/group.png Talison Lithium has withdrawn its initial public offering after the bid did not reach an “acceptable value.”
Talison stated that while investors had not supported its float at the price offered, existing shareholders are still supportive.
It announced last month that it would aim to raise between $143.5 million and $196.4 million through the issue of 35 million shares, with a price of $4.10 to $5.10 per share.
http://m1.au.2mdn.net/1065848/2-OPTUS9158_300x250.gifhttp://ad.au.doubleclick.net/ad/mini...16081237?'Its majority shareholder Resource Capital Fund IV also had an option to sell an additional 3.5 million shares. Talison planned to dual list on both the Australian and Toronto stock exchanges.
A spokesperson for Talison told MININGDAILY that while it is well positioned to continue its growth in the lithium market; it is unable to comment on whether it would consider carrying out another IPO in the future. Talison has “strength in the market either as a private or a public player,” the spokesperson said.
Talison’s Greenbushes mine is currently Western Australia’s only producing lithium mine, which is located approximately 250km south of Perth.
This latest IPO withdrawal follows Cape Lambert announcing last week that it was pulling its $200m Q Copper listing.
ORE is by far the standout.
As well as those already mentioned, Australian Lithium. com includes the following as stocks with lithium interests.
GGG
HDN
RVR
RWD
VNS
No current producers there, unfortunately!
Percy
If your still looking at Lithium plays, have a read of this
http://www.stocknessmonster.com/news...E=ASX&N=476977