Replies to post #505 on Galaxy Resources Ltd. (fka GALXF)

[tikotiko]

Yes it certainly does thank you. I also appreciate many of the posts from you and other contributors to this forum.
I don’t consider myself an experienced trader, not even close. However, my technical skills in engineering and a bit of common sense helped me realize that investing in lithium was a no brainer. I researched lots of lithium companies and discussion forums such as this one and HotCopper in Australia before I started investing in lithium last year. I wish I had done it much earlier, but oh well... My simple strategy is to invest in a few junior miners that are already producing and are stable while growing, and to combine them with a few soon to be producers (I.e., highly likely to produce in 1-3 years). I think this gives potential for high profits with a somewhat limited risk or so I hope... I currently have 4 (soon to become 5 or 6) Canadian and Australian companies split in these 2 categories. I avoid the very large producers as well as the explorers that drill holes and perform studies, but are more interested in a takeover than in ever producing. I acknowledge that these companies’ stocks can rise rapidly, but they often crash and burn also. Sorry, but that is not for me.

Best of luck to you and to all invested in GALXF and other good lithium companies!

[tikotiko]

Dear Galaxy investors and others interested:

Please read Dr. Badman’s announcement. Galaxy just secured a 5 year contract with several big companies throughout Asia to sell them 200k tons/year from Mt Cattlin at better prices than the existing contract (prices to be negotiated annually). Mitsubishi will remain as sort of a big agent to make sure the payments are received, etc. There is even a clause for Galaxy to send spodumene (or perhaps residual mica) to undisclosed hydroxide or carbonate plants (perhaps Lepidico or Nemaska?).
This news represents an almost guaranteed $1 billion in net profits over the next 5 years from Galaxy’s mine in Australia. The money will help tremendously with the company’s other projects in Argentina and Canada.

Wake up America and invest in junior lithium miners that already produce like Galaxy and in other junior miners with a realistic chance producing in 1-3 years.

Good luck!

[Etailer]

Sweet deal for Galaxy, that is a huge contract. Time that they get busy looking for a few more locations to plant more mines. Selling lithium would be as hard as selling someone dying of thirst in the desert. Prices on lithium will be going up as demand will be way greater than what the miners can produce.