Replies to post #431 on International Battery Metals Ltd (IBATF)

[TradingCharts]

I have to agree with on that ricjohn. IBAT is the first OTC stock I have purchased in 7 years, mgx will be the second. I consider them both as lottery tickets. There are no guarantees in life. Galaxy, had funding for their plant, not anymore. Wednesday, 17 April 2019, Galaxy tumbles after shelving Argentinian partner plans. Shares in Galaxy Resources tumbled after the lithium miner was forced to shelve plans to appoint a joint venture partner for its Argentinian project because no party was prepared to cough up the cash it expected.

The Perth-based company, which earlier this month replaced boss Anthony Tse with Iluka executive Simon Hay, said it had not been able to agree on a transaction structure with a third party that offered an appropriate valuation of the asset.

Galaxy has been pushing back a self-imposed deadline to find a partner for the $US376 million Sal de Vida project since the end of last year after appointing JP Morgan to handle negotiations.

The company said it was prudent to remain patient with the project, attributing its failure to find a partner to prevailing market sentiment and weakness in short-term contract prices for lithium. https://thewest.com.au/business/mining/galaxy-tumbles-after-shelving-argentinian-parter-plans-ng-b881173308z?utm_campaign=share-icons&utm_source=twitter&utm_medium=social&tid=1555587323884