/biz/ - Business & Finance

inb4 How do I dividend

>50c by end of week

LMAO. No.

Above is just a copy/paste and needs an update


GXY Pros update:
>$9M of the $18M has been received.
>Deutsche Bank is becoming very interested in lithium investment


Highlights from the 5/18 report:

▪ Final offtake agreement signed between General Mining, Mitsubishi Corporation and customer

▪ Final offtake agreement terms consistent with binding Term Sheet announced 8 March 2016

▪ US$9 million pre-payment received by General Mining on behalf of joint venture with Galaxy

▪ Mt Cattlin operations now fully funded through to production

▪ Final Documentation with other customer is being completed after recent visit to Mt Cattlin by senior executives

▪ Mt Cattlin is now the #2 largest producing hard rock lithium mine globally

Glad to see someone still making these threads after I took a hiatus. Still holding from .21$

Been a wild ride. Have some OC from the original threads

Bump. Good to hear some of the 18 has been received.

>>1262594
>What is your price target

Strachan Corporate Report: 0,64 AUD
>http://galaxylithium.businesscatalyst.com/Investor/reports/Strachan-GXY29April2016.pdf

Canaccord Genuity Report (conservative estimate): 0,50 AUD
>http://www.galaxyresources.com.au/Investor/reports/CanaccordUpdate-LiftingExpectations.pdf

we kinda slowed, but awaiting big news, so keep holdin

>>1263325
>we kinda slowed
people shouldn't expect GXY to be an exploding stock that will reach dollar SP values in a couple of months (although 99% /biz/ has this expectations on every stock posted here). GXY is a company with good fundamentals that will rise in value over a period of years. The full potential of the company will be achieved in 3-5 years not a couple of months.

>>1262693
Post some of it please.

>>1262693
>How do I dividend

>>1262693
>Have some OC from the original threads
you have wise anons posts?

I wonder when the Quebec geologist or whatever he was will show up again. He posted something interesting in the previous thread.

>>1263791

Previous thread >>1248001

ID: pEygFtp8

>Im the quebec geologist that posted a few week ago about doing a property transaction in the wabouchi area, next to nemaska lithium. Ill comeback and advertise the transaction once its done. pro-tip : the property will have the first 43 101 technical report in the area. this will be the time to get in ASAP.

Yup that's him. Hope it's something worthwhile and not bullshit. No one is under any obligation to be "nice" or "cool" but it would be great if he turned out to be just some helpful anon.

There is but one way to the money, and that's up!

There is but one way to the moon, and that's up!

>>1262610
Deutsch bank are pussies and always pull out at the last second. Don't believe a word they say.

Source first hand cucked by the fuckers

You guys can stop at the moon with GXY, but SAKL will take you to Mars.

It hasn't even reached its final form. That steady climb.

Not investing in SAKL is like not wanting to use a 1000ft slip and slide.

>>1264921
Not wanting a 1000ft slide to the bottom would be desirable in an investment wouldn't it?

>>1264845
>Deutsch bank are pussies and always pull out at the last second. Don't believe a word they say.

Anthony Tse the CEO of Galaxy Resources, was a Deutsche Bank manager.

>>1265357
Not Anthony Tse, messed up, I was thinking about Charles Whitfield the executive director of Galaxy Resources. He worked for Deutsche Bank where he was head of the strategic equity transactions group (Asia Pacific)

BAMP

Space Janitor headed to the kuiper belts, call me when you guys catch up....

>>1264921
What makes you think its going to go higher?
Just curious

This is still a thing?

Just go to XGTI, they have real earnings and contracts

>>1264908
>>1264915
>SEKL

0.11 Down 0.02(16.60%)

topkek

>>1265360
You know stuff. I like you. Tell me more.

byump

>>1268175
it begins

TRADING HALT OH SHIT ITS HAPPENING!
>TRADING HALT OH SHIT ITS HAPPENING!
TRADING HALT OH SHIT ITS HAPPENING!
>TRADING HALT OH SHIT ITS HAPPENING!

http://www.asx.com.au/asxpdf/20160526/pdf/437hcjs73t75jv.pdf

Halted!

Potential announcement involving an acquisition!

Looking good, what's the reason for halt? What they acquire???

>>1268406

We won't know until probably tomorrow.

They could be buying...or someone could have a bid for them.

Either way, good news.

>>1268319
OH BOY!

>>1268412
New mines or equipment and partnership to start in sal da vida?

>>1268412
http://www.asx.com.au/asxpdf/20160526/pdf/437hclkc1f5rkr.pdf

GMM is halted too. So I would doubt GXY is buying something.

Buyout

>>1268426

Or GMM has JV in Sal de Vida

SALDEVIDA
LD
VI
DA

>>1268429
Everybody ready for mining?

It would be great if they announced mining in Sal De Vida though. There is alot of pressure from the neighbour countries who want to go into Lithium asap.

Oh shit!

>>1268447

The more I think about the announcements, there has to be a bid for GXY.

Gxy states "potential acquisition". GMM states "potential corporate control".

I read GMM's release as a potential new partner for Mt Cattlin instead of GXY.

Some fresh article

http://investorintel.com/technology-metals-intel/galaxy-resources-sees-lithium-demand-remaining-strong-with-electric-storage-booming/

>>1268489

I was waiting for that video to come out.

Thanks.

>>1268395
They are acquiring GMM to cut the double management costs.

Mt. Cattlin will be 100% owned by GXY as it was initially, thus all the profits Mt. Cattlin acquires will go directly to GXY.

The big question is, what will happen with the SP?

>>1268496

If Galaxy was buying GMM, I would think GMM would say acquisition in their release as well.

>>1268500
>I would think GMM would say acquisition in their release as well.

GXY TH is because potential corporate transaction involving an acquisition
GMM TH is because corporate control transaction

If GXY is buying GMM the tradinghalts certainly fit the schema.

>>1268486
I'm a fish in stock market. Is this considered positive for GXY? Or can this be seen negative?

>>1268511
Well in a long term it is positive, since we do not share our profits in the Mt. Cattlin mine with others and are geting 100% of the profit, given the market demand for lithium this is fundamentaly good.

Now for the SP, it is very hard to say. Going by the keystatistics, namely the shares outstanding of both companies and their current Mkt. Caps combined, the shareprice of GXY after the acquisition of GMM will be 0,44 AUD.

This is however a very basic assumption, how the acquisition will be carried out and what assets come to play is yet to be seen.

>>1268511
dunno. have a graphic interpretation of my sincerest wish.

>>1268528
>Going by the keystatistics, namely the shares outstanding of both companies and their current Mkt. Caps combined, the shareprice of GXY after the acquisition of GMM will be 0,44 AUD.


I'll explain the assesment to inform you bit closer (this is a crude simplification):

>GXY
Mkt.Cap = 500 mil
SharesOut. = 1270 mil

>GMM
Mkt.Cap = 191 mil
SharesOut. = 311 mil

>GXY (+GMM)
Mkt.Cap = 691 mil
SharesOut = 1581 mil

SP (Mkt.Cap/SharesOut) = 0,437 AUD

>>1268536
I see, thank you.

I saw somewhere in previous threads that some investors set a gentle goal to 0.65AUD. Will this make that price higher or will nothing change?

While we're at it, do you have any good reads? I assume that I'm not the only rookie putting his first money into shares. I recently bought this one to read in the next month:

How to Make Money in Stocks: A Winning System in Good Times and Bad
by William O'Neil

>>1268536
Wouldn't this entirely depend on the terms of the acquisition

>full cash
>full equity
>partial cash/equity

And in the equity situations, isn't it unlikely that the shares would transfer 1:1?

>>1268551
>I saw somewhere in previous threads that some investors set a gentle goal to 0.65AUD. Will this make that price higher or will nothing change?

http://galaxylithium.businesscatalyst.com/Investor/reports/Strachan-GXY29April2016.pdf

Strachan Corporate Report - SP Valuation for GXY is 0,641 AUD

>While we're at it, do you have any good reads? I assume that I'm not the only rookie putting his first money into shares. I recently bought this one to read in the next month:

Just watch Gurufocus webinars on youtube for the beginning. Start with this: https://www.youtube.com/watch?v=Ija5kWGFZVY

as a rookie first learn how to evaluate stocks. http://www.gurufocus.com/

>>1268556
>Wouldn't this entirely depend on the terms of the acquisition
you are absolutely right

I stated this here >>1268528
>This is however a very basic assumption, how the acquisition will be carried out and what assets come to play is yet to be seen.

I've read this comment on hotcopper, what do you think about it?

[...] if a merger is to happen does the combined company gain entry to the ASX 200/300 etc. if so, certain fund managers are compelled to acquire a percentage of stock. i.e. stock price will rise as a result.

>>1268565
Thank you, bookmarked it.

Link to BRAND SPANKING NEW Anthony Tse video.

https://www.youtube.com/watch?v=igICy9DiWzA

>>1268651
Yay! Stuff!

...and it is taking off.

Takeover imminent - damnit I wish I bought more.

https://au.news.yahoo.com/thewest/wa/a/31699440/galaxy-general-halts-prompt-takeover-talk/

It's happening lads

>>1267014
As all stocks rise and fall. Back up to .13 today.

>>1266704

Revenue increase year of year. Extremely popular in the US. Huge growth potential in the amount of events they can host. Hosted events in Malaysia and will host in China this year. Asia presents a huge market. Paying of debts.

>>1268551
Just a heads up that because GXY is a commodity stock, the patterns from that book won't be applicable

>>1268689
>https://au.news.yahoo.com/thewest/wa/a/31699440/galaxy-general-halts-prompt-takeover-talk/
omfg we gonna sky beam
captcha:salad

>>1269156
Holylyyyyyy Shitttttttt

>>1269158
inb4 0.6+0.4 = 1aus. presidents, managers, rich fags, wall street erybody gonna retard,
>we gonna 2 dolans @late 2016

also still faggoting with daylait.com official gxy site ... gimme time im actually super bussy

>>1269161
Faggot, you promised it to be ready in 2 days and it has taken you 30 now already. You ain't coming with us to the moon if you don't finish up fast! There is no room for failures on this rocket!!!!

>>1269180
daym ure right, i think its good time to refresh the buzz around lithium, gimme 2 days (inb4 8m missing)

Better buy when its low

>>1269358
sell when it's high

>>1269184
Do eet!

Can anyone provide me Level 2 information (if there is any available)

>>1269184
Where's the 9M bro?

>>1270327
Level 2 changes as people buy and sell shares

It's kinda shit to know that while our GXY was one pause, all other lithium companies went op 10%

I hope it's gonna be guuuud Monday

await big news, tomorow launching daylait.com with some kickass infos

How much of gxy you guys holding? Theses are the only shares in my portfolio and I have $750 thinking of buying more

>>1271924
I have worth 1800 AUD of shares. It's not much but it's money I'm not using otherwise.

>>1271984
my latest order hit the hold on GALXF >:(

So glad GALXF wasn't also on hold

Can Galaxy's lithium help my testicular cancer?

>>1272418

Yes

>>1272420
GO ALL IN!

>>1271924
About 8000 shares. Wish I had more but ah well.

>>1272420
hahahahahaha this pic made my night
thank u

>>1272420
What does your green uptick look like friend?

I've been in and out of GXY since pre GFC times. I believe in the rare earths/lithoum thing but I made most of this pile from giant brutal shorts on Lynas

>>1272418

>>1272794
Can you explain to me how shorting works senpai?

Who else getting /comfy/ for the big ann in a few hours?

>>1273949
You borrow stock from your broker. That borrowed stock you sell and get money from it. You now sold a borrowed stock that you were short of and have to give it back to the broker. As long as you are not giving it back the broker charges you a fee.

You make profit when you see that the price of that stock is less than what you sold it for. You buy the stock again and give it back to the broker. The difference between for what you sold the stock and rebought it again is your profit.

It is called short selling, because you are selling shit you are short of, do not have, but only borrowed.

>>1262594
Stop shilling your pump 'n dump stock

>>1274632

Which one brotha?

>>1274777
Checked

Big announcement about possible merge between GXY and GMM or something similar. Its gonna be BIG.

>>1274764

>Being this stupid

Look at your phone anon, without litihium you can't improve phones and a 100BLN+ dollar industry built on BIGGER BRIGHTER SHARPER screens every year collapses.

That's before you consider Tesla, Smartwatches, Internet of Things, everything.

Lithium is Life. Lithium is Future.

Go back to trade millions memecoins for 0.00002c profit because you can't afford the 10k deposit for IB and get in on this delicious gravy train.

>>1274889
stop feeding the troll
ARE YOU GUYS READY, LESS THAN AN HOUR FOR DEPARTURE TO THE MOON IF TRADEHOLD IS REMOVED

>>1275321

Correct me if I'm wrong but they have to remove the tradehold today right? The original request specified until Monday.

Also screencaps of how many shares you fags have. Let's do this.

>>1275338

>>1275338
The tradehold was suggested for 2 days but could be extended without any reason.

>>1275321
I AM PREPARED

>>1275349
problem is US markets are closed on Monday :( cant get in galxf until tuesday + tradehold lifting.

>>1275355
Buy GXY instead. No trouble trading then.

>>1275349

Guys looks like it's gonna trade!

>DIS GUN B GOOD.

SOMEONE POST MORE GRAPHS, LEVEL 2 SHIT AND IN GENERAL MORE FANCY COLORED THINGS RIGHT NOW

DO ITTTT

>>1275359
cant get GXY directly in canada :( sucks.

>>1275363
You can always open a foreign account? Or look a around some more, I'm sure there is some broker in Canada who has GXY.

30th GMM: Notice of Initial Substantial Holder from Galaxy Resources
30th GMM: Bid Implementation Agreement

>>1275381

SPEAK ENGLISH DAMNIT

GXY = MOON CONFIRMED?!

Someone, help evaluate this info

>GMM: Notice of Initial Substantial Holder from GXY
http://www.asx.com.au/asxpdf/20160530/pdf/437khnyv0bwn5c.pdf

>Bid Implementation Agreement
http://www.asx.com.au/asxpdf/20160530/pdf/437khqr5l4fw32.pdf

>Galaxy Resources and General Mining to Merge
http://www.asx.com.au/asxpdf/20160530/pdf/437khvfb2n132r.pdf

Dat ANN

>>1275389
>GMM: Notice of Initial Substantial Holder from GXY
http://www.asx.com.au/asxpdf/20160530/pdf/437khnyv0bwn5c.pdf


Highlights of the Merger

o Creation of a leading diversified global lithium company with a large wholly-owned portfolio of hard rock and brine based lithium assets located in multiple jurisdictions.
o Leading growth profile underpinned by Mt Cattlin production, the development of the Sal de Vida brine project in Argentina and James Bay hard rock project in Quebec, Canada.
o Positioned to be a major supplier of high quality lithium, servicing the growing demand from energy storage applications.
o Strong financial position with a strong pro-forma balance sheet and growing cash flow generation to support continued project expansion and development, and further industry opportunities.
o Enhanced equity and capital markets profile with a combined pro-forma market capitalisation in excess of A$700 million.
o Significant growth potential with existing and expanding production, diversified and superior growth profile, proven management and operating teams, strong balance sheet and greater international market profile.
o Galaxy and General Mining Boards unanimously support the merger.
o 4.94% of General Mining shares have entered into pre-bid acceptance agreements. In addition, other General Mining shareholders associated with Michael Fotios, the Chairman of General Mining, representing a further 10.56% of General Mining shares outstanding have made statements of intention to accept the Offer, in absence of a superior proposal.

So is GXY dilluted, how much are we falling?

>>1275403

Doesn't matter if our shares get diluted what matters if if this announcement makes people want to buy.

If demand > supply today, we'll get an uptick.

Ie. GXY = MOON

>>1275389

>Bid Implementation Agreement
http://www.asx.com.au/asxpdf/20160530/pdf/437khqr5l4fw32.pdf

Page 15: The consideration offered by Galaxy to every General Mining Shareholder will be 1.65 New Galaxy Shares for every one (1) General Mining Share held as at the Register Date.

>>1275408
GMM stakeholders pissed as shit because of the deal on HC

well you can't have it all

I wonder if this all would have happened this fast for the company if /biz/ never hyped the stock here back in the beginning of April

>>1275417
just calculated from my entry point, if I bought GMM with the same money as with which I bought GXY, I would still have more shares of GXY now than a GMM stakeholder has, with the same investment and the same entrypoint.

at least for me, I am ok with the deal. GMM holders, tough luck bro's, but welcome to the family.

>>1272794
Awesome!

If I am reading this correct there will be a conference call for the shareholders at 12 (in 90 minutes that is) where they will vote for the deal, until then it should be on tradehold.


NOW WHERE IS MY DIVIDEND

We are no longer a junior producer boys. We are major league now !!!

YEEEEEEEEEEEE HAAAAAAAAAAAAAAW !!!!

"BIG 6" - ALB, SQM, FMC, GANFENG, TIANQI AND GXY !!!!!!!

>>1275455
Good, now they should open up in north american markets as a regular trade.... i hate pink sheets.....

PS: Space Janitors now hold 10k shares, up your game guys or we will take over....

Can someone post a printscreen from the open of GXY/GMM?

>>1275479
Apparently the open is 0.48c. TO DA MOON

>>1275480
0.48

GUYS, WE HAVE LAUNCHED

0.48
0.48

>>1262609

GUYS ITS 50CT NOW. GUYS 50 FUCKING CENTS.

>>1275483
GUYS IM NOT JOKING

>>1275480
>>1275482
>>1275483
>>1275491

Cunt, you're minced.

Its still on trading hold

>>1275491

>What are IDs

>>1275495
>>1275500
>What are profits

let's give a moment of silence for those who sold out at 38 cents

>>1275505
You're fucking cooked mate. Put the shards away..

>>1275509
It's not on TH anon. Sort your shit out

>>1275508
hrmm... time to order more GALXF....

>>1275508
Systems go. Stock has left the station. 100% spike today.

>>1275509

WE DID IT GUYS!!!! GXY TO MOON

>>1275518
ALSO;
Look out Tesla: VW is planning its own multi-billion euro battery factory
- 27 May 2016

http://www.ibtimes.co.uk/look-out-tesla-vw-planning-its-own-multi-billion-euro-battery-factory-1562332

WISE ANON WHERE EVER YOU ARE... A FUCKING THANK YOU !!! FOR POSTING GXY ON /BIZ/

Halt lifted. Already up 25%

>>1275520

>OF ALL STOCKS PROMOTED BY /biz/ GXY GOES TO MOON
>GALAXY
>MOON

>>1275505
>>1275514
OOOOOHHHH I TAKE IT ALL BACK!!1!
WE MOON MEN NOW .50C
>le meem stock
>hurr durr p &d

Eat shit!

Folks, as your Captain, the moon is next. If you look in the rear view you'll see the skeletons of cryptocurrencies (they were cucks).

>>1275527

You're trading platform on 20min delay I think. GXY now at .475.

I pulled the trigger at 0.495, going to pick up more tmrw for the inevitable 0.64 this summer.

>>1275531

>CRYPTOFAGS

>>1275535
HOUSEKEEPING!

Dat buy/sell ratio

a-anons, wanna b-buy some MGT

>>1275540
NO FREAKIN WAY!!!!!

>>1275547

>TTNP
>EVERYBODY DON'T SELL UNTIL IT HITS 13.50

>>1275557
American markets closed for monday, hav to wait till tuesday to buy in, its going to get messy :(

>>1275566
Should have bought in Friday!

Holy shit I remember placing the order over the phone saying I wanted to be an astronaut. Can't believe meme magic is making my dreams come true..

GMM Share holders are going to vote now. Anyone knows where you can follow this?

>>1275577

Where did you find out about the vote in the first place?

>>1275693
I'm browsing Hotcopper.

GMM: http://hotcopper.com.au/asx/gmm
GXY: http://hotcopper.com.au/asx/gxy

Set the filter 'thread' instead of 'post', it helps.

Goddamn I wish I had purchased more at the time I bought in but I had just got a car and didn't want to put more than half my savings into a stock.

Ah well, can't complain I guess right guys?

can't believe it was up 25% and now it's only up 12%

>>1275944
Euphoric

>>1276050
I can't believe it!!! galaxy is actually kickin ass!!!

OK, an update for all the people who were not on the board when the news was published.

GXY and GMM announced a merge. GXY offers GMM a 1.65 share for every (1) share of GMM. The offer period is one month. The shareholders of GMM will now cast a vote of they want in the GXY spaceship or not. I am not certain when this vote will be given. (if someone could specify this, that would be great)

After this news the SP skyrocketed to 0.52 but it leveled out at 0.44, for now.

>>1276074
>The shareholders of GMM will now cast a vote of they want in the GXY spaceship or not.

What happens if they vote NO? Does GXY need to give them a better offer? How often can they decline?

>>1276071

>>1276090
Vote results?

just put my life savings in GALXF, wish me luck

>>1276292

Look at the aussies talking about GXY

The Offer is expected to close during the third quarter of calendar 2016.

>>1276310
Source? Timeline says offer is valid until end of july

>>1262594
Someone want to answer a dumb question?
How to buy in USD market? I look up gxy and I only see it in AUD

>>1276696
Gxlaf scrub read the thread

>>1276050
>>1276074
Fuck yeah, $1/share or more, here we come!

For his part, Joe Lowry of Global Lithium sees big things on the horizon for Galaxy should the company meet its goals. “I think Galaxy is becoming the premier lithium investment outside of China,” he stated in an email. “If they execute well on Mt Cattlin and Sal de Vida, Galaxy will leave the ranks of juniors and take their place as a top three global lithium player within five years.”

- http://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/galaxy-resources-acquire-general-mining/

TOP 3 - FUCK !!! This places them infront of ALB, SQM and FMC

Ok lay it our for us Mememasters
what do if
>Own General mining GMM
>What do if own Galaxy GXY
>What do if own none of either

http://en.acnnewswire.com/press-release/english/30302/galaxy-resources-and-general-mining-to-merge-creating-leading-diversified-global-lithium-producer

>>1276458
http://en.acnnewswire.com/press-release/english/30302/galaxy-resources-and-general-mining-to-merge-creating-leading-diversified-global-lithium-producer

>>1277141
>>1277145
Reported for spamming with a double post.

>>1277159
Reported for announcing report.

>>1277159
Reported for reporting!

>>1277166
I DONT KNOW WHAT WE'RE YELLING ABOUT!

>>1277175
Are you buying or selling GXY today?

>>1277178
Buying! All the GALXF!

>>1277182
>GALXF
whens the does your market open again?

"saying the merged company will consider a Hong Kong listing and look to development options for its Canadian lithium projects."

https://au.news.yahoo.com/thewest/wa/a/31725676/galaxy-looks-to-future-after-lithium-merger/


Dizisguud.jpg

>>1277200

>>1277219
US/Canada listing when! >:(

Price will rise 10-15% today again. Enjoy the ride.

Market just opened - already up over 5%. Cryptocucks on suicide watch.

>>1277266
GXY anyone else here buying GXY today?

>>1277274
If you don't buy it you're stupid. It will keep rising until the end of the week.

>>1277285
are you buying? how many?

Buy it anywhere under $1. It is going to go over $3.00 in a year. They haven't even begun the SDV project for production.

>>1277325
SAL DE VIDA
A
L

D
E

V
I
D
A

>>1262594
oh look, another piece of shit btc wanna be

>>1277334
>oh look, another piece of shit btc wanna be
newfags, when will they learn

>>1276208

>>1277336
i enjoy watching you get shilled out of your money pleb

Are you guys sure about this shit? I mean. When I catch the bus to my internship I can see their shitty little HQ and it's barely more than a storefront next to a tobacconist and Red Rooster.

I know there's a future in lithium but these small guys are going to get pushed around by the Rio Tintos and BHPs of the world.

>>1277359
they could be opperating from a dumpster all I care. It's all about the numbers Mason.

>>1277360
I'm just saying that I live in Perth. There would be no major city in the world as dependent on commodity industry as this one and it is a vicious, volatile world.
See this company? 18 months ago I was sitting in the boardroom of this companies HQ, 40 floors up in the middle of the city. And now they're toast. A company like Galaxy could be wiped out on day, just as General Mining is by them, and everything will be gone.

>>1277359
>Strategically located next to the shop to buy:

'Winner winner chicken dinner'
'Celeberation cigars'

AND TO BOOT THEY'RE PAYING BARELY ANY RENT.

Truly a company of genius moves.

>>1277369
you seem to forget that a year ago they were worth around 15M, scraping the cents together to lower costs. A firstborn child even might have been sold to get 200M debt down.

Give it some time.

>>1277373
I made my $60 off it today, USING FREE LEVERAGE FROM THE T+2 THINGY.

Time to take my ass down to a red rooster with a quick cigar stop at the tobacconist on the way.

>>1277219
What does it mean for current shareholders? Holders of ADRs?

Today's high is 0.47

>>1277369
i use to be a bicycle messenger in the city.

office location doesnt have much importance.

you can rent out a small section of one floor on st georges terrace 20 floors up or have a bigger office with a couple of parking spaces up in west perth. i remember gina rinehart being a rude bitch to me in some conference room when i was delivering shit. i didnt know who she was at the time. just remember people being nice to her and i thought "what a fat fucking piece of shit" i should go back to being a bike courier. could get some mad inside info. just open up their mail.

>>1277325
I hope this is true

>>1277418
>>1277325
no cunt it isn't. $3 in a year is ridiculous

fuck this board is a joke

i screencapped this from previous threads

Release Date: 31/05/16 13:27
Summary: Company Presentation AGM-GXY.AX
Price Sensitive: No
The announcement content will be available in 12 minutes at 13:47

>>1277431

muh pump

muh hype

>>1277459
http://www.asx.com.au/asxpdf/20160531/pdf/437lppvddct703.pdf

>>1277429
Haha I love how mad you coin fags get

If I went into a coma and woke up 5 years later I'd be a richfag?

>>1277544
Depends what you buy before the coma, medical costs, other liabilities.

Other people might think you're a fag and convince the doctors to pull the plug.

>>1277544
You don't need to go in a coma for it to become rich anon.

1. Rob a bank
2. Spend money on GXY
3. Go to jail for 5 years
4. Suck cock in jail
5. Buy more GXY
6. Leave jail
7. ???
8. PROFIT!!!

>>1277609
>>1277596
I'm not gay...stop :(

>>1277611
worksafe board anon

Anyone on CLQ? If so, have you looked at PGM? They have better fundamentals, but far less valued... i think they just need a "pump".

>24 June 2016
> Offer Date
>Galaxy and General Mining despatch the Bidder's Statement and the Target's Statement to General Mining Shareholders


24th of June, the day GXY launches into space

>>1277677
It's not a hostile takeover man they will make details clear on the 17th

Offer date is where the offer is live and can be accepted by shareholders.

Waiting for payday on Thursday so I can get in :(

>>1277748
I'm worried the SHORT SELLERS will attack GXY now! You know the types who like to rain on the parade with!

>>1277764
Hmm? Did you call?

I don't have any GAxY but I'll be happy to piss on your fire.

>>1277769
When do you think GXY will go lower?

>>1277359
>When I catch the bus to my internship I can see their shitty little HQ and it's barely more than a storefront next to a tobacconist and Red Rooster.

nice b8 m8, we had shitposters for months now. however we earned 100% on our investment (at least the ones that were here since april) and we keep on earning.

>>1277431
read this >>1276958

>>1277825
>>1277828
anthony tse confirms red rooster hostile takeover.

>>1277860
>wow there is a fucking restaurant on the street near Galaxy offices
>that company has to go bankrupt

Why are you shitposting in this thread if you have no position in the company? If you wanted to deramp it, go to fucking HC, maybe you'll get a better audience there. Short it, if you still hadn't, I wanna squeeze you out.

>>1277872
lighten up, hotshot.

>>1277859

Tse's genius never ceases to amaze. By having GXY also take over Red Rooster, he can have one built at Mt. C and SDV providing miners food and increasing productivity.

TO THE MOON

>>1277947
Tse has done it again!

We have breached 50c. I repeat. We have breached 50c.

https://twitter.com/nickjrowley/status/737726869101903874?ref_src=twsrc%5Etfw

Excited to get this project restarted In the next couple of months $gxy #jamesbay #qubec #lithium

>>1278980
SELLERS BTFO !!!!!!!!

>I can taste the shorters tears

YES! Here we go!

can we predict GALXF up and downs for tomorrow whit GXY ?

>>1279033
GALXF follows GXY. Not directly but it does.

>>1279033
IF GXY goes up, GALXF goes up. You however can't predict how much it swings and when it swings.

0.56 AUD - predicted resistance

>>1279072
Im waiting for the BIG shorters...Im sure they're just itching to piss on this.

>>1279109

http://www.shortman.com.au/stock?q=GXY

It's going up despite shorts. A squeeze will send it up more.

>>1279142
>http://www.shortman.com.au/stock?q=GXY
I see shorts are up to 0.42% on Tues up from .07% on Mon.

anyone having predictions for in 6 months? My tax laws say if I sell my shit within 6 months after buying it I have to pay 33% on the profit.

>>1279168
I'm looking for $1.

What country has those rules?

>>1279193
Belgium. It's some shitty new law that passed since January.

>>1279204
It's better than most though.

In the US, it's 1 year before long-term kicks in.

Get on NUH - current marketcap only 45mil. Did a crowdfunding and got $685,000 of presales for their iqbuds with 3150 backers. shareprice only 8.7 cents. https://www.indiegogo.com/projects/nuheara-iqbuds-super-intelligent-wireless-earbuds#/

will be multibagger by end of the month

>>1279168
In Australia its called CAPITAL GAINS TAX...basically you add together all you income minus deductable expenses.that is your taxable income... take that number then add to it all gains from shares/investments minus any brokerage and losses then that number is your Taxable capital gain...or something like that. we have tax brackets wich determine ow much tax you pay goes from 32.5c per dollar up to $80k to 45c over &180kper dollar.CGT is just part of your income not really a seoerate tax.

I don't think it's the same in Belgium.

If I sold my GXY shares RIGHT NOW, 33% of my profit would be held by the broker for taxes.

So if I wanted to sell at .50 and buy at .49 I would have less shares in my wallet.

>>1279225
Most countries are like that, however there are short term and long term. In the US, short term (1 year or less) are taxed at your marginal rate, like you described.

However, if you own for over 1 year, your capital gains are taxed at 15%, rather than ordinary income.

All countries have a different system, and I'm not knowledgeable about Belgium or Australia.

>>1279237
Actually you are right ..there is a clause here about holding these investments for a year too!

Hi guys, I have a huge problem with my galaxy shares. I don't know what to do with my huge profit gains?

>>1279435
Sell it and buy ethereum. Fixed.

>>1279237
Mate learn about the game.

You can get prepaid or travel credit cards and use them to fund/verify with smaller brokers in foreign countries. Eg, as an Australian I have a account with IG markets in the UK - more expensive to fund but cheaper than paying tax as they do not with old. I am sure being in Europe, you can find many such KYC gaps.

We're at 0.513

At this rate we'll be at 0.60 by the end of the week.

>>1279438

>Buying eth
>Not buying trump

Has gxy taught you nothing? Buy low, sell high dumb nigger!

Guys forget the moon. We going to muthafuggin mars.

Dat bid/ask ratio.

>>1279225
>>1279233
Super noob question but i gotta know.

So does the broker keep your capital gains tax and pay it on your behalf or do you actually get like a letter or some shit at some point and you gotta pay all your tax...I know how it works when you are employed (because I am) but I know with a business you need to involve yourself a bit more and not sure where stocks fit in in all of this. Also if i have to work it out myself what's a good method of calculationg how much I owe

>pic my GXY

>>1279502
you pay tax at tax time anon.

>>1279217
I don't like the product, they have a $15mil mkt.cap with only $60k in equity, extreme overvaluation.

No thanks

>>1279588
The product is excellent, funded and tested. (A lot more than can be said for most of the microcaps) As for the analysis of extreme overvaluation, I have to disagree, but each to their own.

>>1279071
yes you can. GALXF is typically within a cent of GXY adjusted for inflation.

>>1279732
Shit i meant adjusted for usd/aud. Sorry, haven't had my coffee yet.

>>1279733
I think OP was asking for the high and lows and when they were going to happen.

>>1277825
It's a line of sight thing. Red Rooster is in the frame as I head off to internslaving. I'll try and photograph it for you tomorrow. But they're both here in this picture along with Canning Hwy where my bus goes.

>>1279766
nobody gives a fuck about you and your mcdonalds job m8. we all have googlemaps cumdrips, we know where their offices are.

>>1279766
Wtf .... Who gives a shit about the size of their offices. There a mining company not a friggin university. We give a shit about their mining projects not wtf plebs and clerks do behind a desk. There $100 million dollar mines is all we care about

Cashed out, bought a high at .33, sold at .364 for a cool $250. Wish I would have averaged down but I was preoccupied with short-term trades.

When's the next best entry point?

What's a realistic exit point here, guys? .70? .80? Memes aside, are we reasonable to expect a straightshot to a dollar here?

>>1280342
>What's a realistic exit point here, guys?

Hard to say, the company has a lot of potential in the next 3-5 years. Not just much, but A LOT. There are only 4 scenarios that can play out with Galaxy.

1. They find some other thing which is better than lithium, thus Li is not necessary anymore
>currently impossible, the technology we have now is the only one economically viable. even if they find a new technology it will take 10 years at least to be implemented in the consumer products (Li-ion batteries needed that amount, since first developed by Sony in the 90's)

2. The big companies ramp up their lithium output, Galaxy gets squeezed out
>they tried, they can't, they are at 100% capacity, the biggest mine in Greenbushes cannot supply the demand spike that happend in 2015 and 2016. sole reason why lithium is so darn expensive although there is a lot of it in the world. also the reason why GXY shares are soaring, since they are the ONLY company other than the big ones, supplying the market with additional lithium. (ORE is struggling)

3. Galaxy Resources becomes one of the big companies
>since the big companies cannot achieve more supply and the demand is rising due to consumer electronics, GXY is in the position to enter that market and become a major additional supplier of lithium in the next five years. this is what lithium market experts are predicting for GXY at the moment.

4. Galaxy Resources is bought by a big company
>this scenario happend already with Greenbushes mine (biggest operating lithium mine in the world) owned by Rockwood, which was bought by Albemarle for $6.2Bil. FMC said it is tripling their lithium output for 2018, but from where??? Only option they could buy and achieve that claim is ... you guessed it Galaxy Resources that has a lithium output in hardrock (which FMC doesn't have) and a brine site next to theirs, which they can develope in a couple of months because of shared infrastructure. Also GXY is under $1.0Bil currently

Gxy will now pull back for at least 10% over the next two days.

>>1262594
>people unironically waste electricity on doing this

>>1280621
>People come into this thread thinking we're shilling for a crypto currency and not investing in Lithium

>>1279502
In australia you sell your investment andearn income thru out the finacial year...then at the end you tally up what your gains and lossess and send put it on the tax return then send it in 3 things happen you pay the governement or they pay you or nothing at all. Your thinkng of GST wihholding credits I beleive thats more for a registered busines. BUT ASK AROUND OR CHECK THE ATO WEBSITE bro

>>1280700
Yes, that's the difference in Belgium. In Belgium you pay taxes from shares right after you sell them (if within 6 months).

Internfag here.
Galaxy HQ can maybe be made out behind the Vinnies here.

>>1280707
You should get that camera lens replaced boy, it's all scratched up from dust.

>>1280707
Meanwhile, 20 minutes further into the bus ride, these three skyscrapers blotting out the sun are the HQ of other mining companies.
Rio Tinto, BHP Billiton and South 32
It's a big mountain to climb.

Oh shit I'm just going past what remains of Atlas Iron

>>1280710
Yeah I know it's fucked. Dust is under the lens (which is otherwise scratch free)
Also the bus windows are filthy.

>>1280617
Are you a wizard

>>1280749
Anon Probably shorting the fuck outta GXY as we speak!

>>1280762
I bet he's moonboy, the guy who made this GXY meme. He sure knows things that are beyond human vision.

>>1280762
>>1280802

Profit taking after the GXY-GMM announcement. They'll grab on later to lower prices and then wait for next round of news. (SDV; contract updates for 2017; Mt. C updates; St. James; etc.)

With each positive and rise, there will be a sinking.

Sit through it. It will rise slowly and do well. It also may become a strong buyout candidate by a major or Chinese.

I sold my GXY at 0.49 and bought GMM at 0.76 just now. 0.76 = 0.4606 GXY

Quick question. What happens our shares if gxy is bought out?

>>1280802
>I bet he's moonboy, the guy who made this GXY meme. He sure knows things that are beyond human vision.

Doubt it, the meme was made by a guy posting in the lithium thread 2 months ago, where he analysed every lithium company there is.

Just for your information...Galaxy is now .48.5c.

>>1280707
Do they have a coffee brewer in their HQ?

>>1281452
I dunno man, coffee is pretty blue-pill. Tse seems like a very smart guy.

>>1281383
How a buyout works is that a bigger company approaches the board of the smaller company and makes and offer to buy every single share.
The board considers the offer and either rejects it or recommends to shareholders to accept the offer
The offer may be below or above the current share price.
Anyway, then you cash out.

>>1281475
Cash out our current share number with the most recent share price or cash out as in ballin' all crazy with bitches and champagne and shit?

Rio Tinto, just saying.

>>1281502
If a company like FMC or Rio Tinto (although Rio Tinto has lithium assets in Serbia currently under development) buys out GXY, first thing would be a valuation of the company. According to this valuation and the current S/P the buying company offers them a premium to their S/P.

If the company getting bought agrees to this premium they ask the shareholders to vote on it.

This would look for example like FMC offering GXY to buy their company for a 0.25/1 per share of FMC. Meaning that for every GXY share you have you get 0.25 FMC shares, so if you have 1000 GXY shares, you would get 250 FMC shares out of it.

When GXY bought GMM they offered them a 1.65/1 per share of GXY. Meaning that as long as the shareholders vote yes, every GMM shareholder that has 1000 shares will now have 1650 GXY shares.

How much the premium is depends on the valuation of the company and how much the buying company is ready to pay for them.

>>1281525
Thank you very much man, I hope fmc or someone big picks us up and if all goes well we hit alpha centauri

RPM.V is up 60% since tues, going to the moon.

Bump

>>1280864
Why not.
As long as the GMM/GXY S/P is under 1,65 ratio you are buying them at a bargain price.

The price will be tied in that ratio until the acquisition is over.

>>1281461
True. Probably has a scotch and beer dispenser.

Is it too late to buy GALXF? I was about to buy at .265 the other month...

>>1282126
Give it a week, it'll be down. Holding 1076 shares.

>>1282152
Why are you holding then?

>>1282185
Kek

Whos buying GXY today and whose selling....whats the latest?

>>1282316
>>1282316
>>1282316
>>1282316
>>1282316

NEW THREAD


If you have news, pros, cons or anything else to add to the info, please do.