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/biz/ - Business & Finance


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1180060 No.1180060 [Reply] [Original]

OFFICIAL STOCK OF /biz/ HAS FINALLY ARRIVED! GET ON THE TRAIN NOW OR BE LEFT AT THE STATION!

I'm talking of course about GXY

That's right faggots, we are here to make some money buying an undervalued stock! We all know that the energy revolution is coming, kicked off in part thanks to Tesla, and LITHIUM is going to be the gold of the future. After vetting several other potential stocks we have settled on this guy.

So buy GXY you niggers and enjoy the ride to the moon! It's already up 5% since we bought in yesterday.

BTW it's only $.20 per share so even if your cash poor you can still fuck around and own a couple of hundred.

ALL POSTS ITT WILL BE IN REGARDS TO GXY AND LITHIUM MINING STOCKS.

>> No.1180062

>>1180060
GXY - has a producing mine in Mt. Cattlin and a management with know-how for years now, had to shut the mine down since there was no interest for lithium in 2009-2012, but restarted it now in great supply shortage. has a lithium off-take agreement with mitsubishi, the production started two days ago. share price still massively undervalued. has a low-cost brine deposit in Sal de vida waiting for development.

My best choice for investment in the industry is GXY (Galaxy Resources), they are the ONLY producing lithium company next to the "big five" (ALB, SQM, FMC, Tianqi, Ganfeng) with a shareprice that is massively undervalued and no debt in the company. Everybody else from the lithium junior developers are virtuals (companys with a research in their hand and a field infront of them).

GXY is a good investment, solid company, no debt, good experienced management with ties in china and year-long know-how in the industry, experience in the sector meaning they already did this for years now and most importantly they have a producing lithium mine which works and already produces, NO other company in that mkt.cap-range or SP has that. A bargain at the current price.

>> No.1180067

GXY isnt a ticker

>> No.1180069
File: 13 KB, 320x240, 158953847_-star-trek-dilithium-crystal-show-used-prop-from-doohan-.jpg [View same] [iqdb] [saucenao] [google]
1180069

>>1180060
DO NOT LET THESE THREADS DIE! THE FUTURE OF SPACE TRAVEL DEPENDS ON IT!

EXCELSIOR!

>> No.1180070

>>1180067
GALXF:US for those abroad! Just wait until tomorrows open. You'll wish you bought in. But it's never too late!!

>GALXF:US

>GALXF:US

TOO THE MOON!

>> No.1180076

lmao you chumps are smoking lithium.

>> No.1180083

>>1180076
>250K Tesla model 3 pre-orders
>Gigafactory complete next year
>Tesla will account for 28% of the world's Lithium use

Tell me again how invention in lithium (it's gone up 50% in value since last year) is a bad idea?

>> No.1180085

>>1180060
>mining company
Fuck off, this isn't 2007 anymore. Nobody's interested in your shitty penny stock.

>> No.1180095

>>1180085
>mining stocks getting raped since 2012
>very few left after metals drop

Don't buy if you don't want but be less of a faggot in the future if you decide to post ITT

>> No.1180098

>>1180083
I honestly think Tesla will be a flop and petroleum will remain total king.

>> No.1180100

>>1180098
Dude there's almost 300,000 tesla model 3 pre-orders. How the fuck is that going to be a flop?

>> No.1180123
File: 137 KB, 1440x1371, Screenshot_2016-04-07-01-12-19-1.png [View same] [iqdb] [saucenao] [google]
1180123

Thank you Based Market

>> No.1180243

>>1180060
Trading to begin in 4 hours stateside

>> No.1180257

>>1180060
>a mere 350MM market cap even after near exponential growth in one year

Pass

>> No.1180265

>>1180257
I'll wave to you from the moon

>> No.1180267

>>1180265
In the unlikely case you aren't trying to pump this, good luck. I don't need to gamble my money on penny stocks for a good return.

>> No.1180288

>>1180060
I bought 6K at .27 will prob sell if it gets to $1

>> No.1180292

Bought 2000 stocks because I'm a europoor

>> No.1180300

lets go deeper, any pros on this GXY madness? give me some ultra bullet proofs that GXY will supply lithium for big companies and not someone from big5 .. Id have some investors that would pump it with 100k+ eurs

>> No.1180306

I suggest posting about it on different fora so people get aware of it.

>> No.1180307

>>1180300
P sure they've already signed a deal for 100% of their lithium to Mitsubishi in the next 3 years.

Btw a bit late mates, I was talking about it last year.

>> No.1180311

>>1180060
how was this stock discovered?
why is there now an increased lithium demand?

>> No.1180316

>>1180307
>>1180307
isnt the price at some peak right now due to lithium hype/news, might it drop to 10c OR is GXY rly lowering their debt and becomin profitable - so it might hit 80c soon

>> No.1180317

any studies about how many there are mines, at what prices they offer lithium, rly what about those SQL, FMC, ALB big guys - they gonna sign the best contracts, why would anyone choose GXY, also what about quality of lithium, there is even lithium mined in Czech Republic and Finland, so there will be so many players in this segment

>> No.1180318

>>1180317
>SQM - problems with management and government, are currently teaming up with a junior virtual developer LAC (former WLCDF) they are currently stagnating 50/50 up or down. buy when arround 15$ per share

>> No.1180320
File: 847 KB, 900x900, 1452137968337.png [View same] [iqdb] [saucenao] [google]
1180320

Gonna short on the inevitable dump that you suckers are gonna get caught in.

>> No.1180322

Asx GMM and GXY are rather tied.
GMM has seen huge gains this week though. Up ten cents.
Worth looking further into them

>> No.1180328

>>1180322
>>1180322
so by GMM performance we might also estimate performance for GXY?

>> No.1180331

>>1180316
GXY has been rising since Q4 2015, it's risen a lot the past few days because of Tesla but it was already on an uptrend so I'd say it's still pretty solid, maybe wait for the hype to die down.

>> No.1180333

>>1180300
>>1180311
>how was this stock discovered?

>>1180317
>any studies about how many there are mines, at what prices they offer lithium, rly what about those SQL, FMC, ALB big guys

it all started with this >>1174038

GXY already supplies Mitsubishi, and with BYD just searching for a new lithium source, GXY if they can ramp up could be ... I don't want to dream. Just read what the anon there posts, and check it yourself.

>> No.1180336

>>1180328
GMM and GXY are partnered for the mine in australia that just recommenced operations 2 weeks ago.
I dont know what other interests GMM has but theyve been more or less a step or two ahead of GXY in terms of charts for the past 6 months.

>> No.1180337

>>1180322
>GMM has seen huge gains this week though. Up ten cents.

been looking into GMM, they are not a lithium company, but a gold miner. GXY sold them 50% of the stake in Mt. Cattlin to get rid of their debt, they also had a lithium converter plant in Jiangsu China which they sold, in order to make their company debt free. GMM is not a lithium pure-play like GXY is, just a JV in day-to-day operations running the mine. GXY however is a lithium producer with a decade long experience, network and other lithium resource sites. GMM's only lithium asset is the 50% stake they have in the Mt. Cattlin mine, which GXY sold them.

look at the presentation: https://www.youtube.com/watch?v=6ZNPeJOvbCQ

>> No.1180339

>>1180060
Won't lithium be dead in the water when we discover a new cheaper battery material?
Coal and oil only lasted so long because all the energy was already there, accumulating for a billion years.

>> No.1180342

>>1180339
Discovering a new source would still take 10-20 years before it would be applicable.

>> No.1180349

>>1180342
>he holds stock less than 20 years
baka

>> No.1180360

Can anyone give me sources where I can find intel about the company?

>> No.1180362
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1180362

Posted this in other thread but you're all a bit late to the party.

>> No.1180366

>>1180362
even though GXY is rising since 2015, its now hyped by media, I advise to wait it will drop and establish true price

>> No.1180371
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1180371

>>1180360

>> No.1180376

>>1180371
>>1180371
tldr
>so many pdfs
>wow dank meme stock
>would buy another billion stocks

>> No.1180377

http://investingnews.com/company-profiles/galaxy-resources-lithium-spodumene-australia/

This is a good one.

>> No.1180378
File: 63 KB, 798x152, chrome_2016-04-07_23-02-20.png [View same] [iqdb] [saucenao] [google]
1180378

>>1180371
From most recent annual report:
So GMM has the option to buy one of GXY's mines

>> No.1180379

>>1180376
How do you know if you want to buy and hold a company for 20y without even reading their annual reports?

>> No.1180380

The reason for todays 9% uprise:

http://www.proactiveinvestors.com.au/companies/news/67936/lithium-australia-nl-hits-50m-market-value-triggers-performance-shares-67936.html

>> No.1180383

>>1180060
>be me
>have $200 spare
>go to buy
>$20 broker fee (thanks comsec)

Still worth buying, or?

>> No.1180388

>>1180380
>>1180379
>>1180378
>>1180377
>>1180376
Somebody should buy like 10 shares for $5 each just to fuck with the metrics for a moment.

I bought 3500 shares and I'm the anon who's going to be making these threads when they reach bump limit. So please, condense all memes and info for next thread dumps.

We need to spread word to the other boards like /pol/ to get in. They have quite an influence these days.

>> No.1180390

>>1180383
That's 1000 shares. We hit $1.00 and you make $1000

>> No.1180391

>>1180383
try nabtrade?

>> No.1180392

>>1180390
If that ever does happen, and its a very big if.
>>1180391
Free brokerage?

I'm still waiting for the robinhood dream to come true so I can flip with my small amount of capital.

>> No.1180393

>>1180392
Worse thing you lose $100 or so. Risk reward m8

>> No.1180396

>>1180393
Do you reckon the price will jump up much until Tuesday? Kinda a little short on cash at the moment.

Also im a little confused on buying, do I just hit the at market button or buy it at a set price?
(how do I know what price is reasonable?)

>> No.1180398

>>1180388
>>1180388
well im condenstating all the info for 2 weeks from various websites, discussions etc, i will meme it into one meme

>> No.1180400

>>1180396
Don't buy with market button.

>> No.1180402

>>1180392
>Free brokerage?
Think it's $15
However, international shares are also only $15 ($60 with commsec last I checked)

>> No.1180403

>>1180400
How do I know what price to go by?

Do I just a few % from the trade price?

>> No.1180404

its not allowing me to buy foreign stock, which website should I should to able to trade WW?

>> No.1180408

>>1180396
>>1180403
There's a bid and an ask. If you want to buy it low go to:

>limit order
>enter price
>match ask value
>click submit
>???
>profit!

Can't do market orders on OTC. Only limit buys

>> No.1180410

>>1180404
You have to find its ticker in your country. Just Google the company name and stock ticker for whatever country you're in.

>> No.1180412

wont let me trade until next week due to recently opened account...

>> No.1180414

>>1180412
Man that womps

>> No.1180415

>>1180412
with who? comsec?

>> No.1180417

>>1180060
It's already at 0.29, how much further does this have?? \

>> No.1180419

"GALXF is not available through Capital One Investing".

Welp.

>> No.1180420

>>1180366
>its now hyped by media
it is not, this is the only "media" I see this stock ever being mentioned

>> No.1180421

I'm in the US. What brokerage do I sign-up with?

>> No.1180424

>>1180417
It was at $2.500 before metal crash

>> No.1180427

>>1180095
Mining is still struggling due to china's slowdown. GXY doesn't even have a currently operational mine, and tesla won't be shipping their first model 3 for at least two years. GXY is either a hold for a year plus, or it's a quick pump and dump because they have "experienced leadership" (even though they're bleeding like crazy due to lack of operations).

If GXY survives, and miraculously manages to get a mine operational, AND gets a tesla contract, it'll be easy enough to get in at .50 in a year and still ride it to $5.

>> No.1180431

>>1180378
>GMM has the option to buy one of GXY

Only 50%, the text you are posting is from 9 February 2015 ( http://www.generalmining.com/pdf/asx_releases/09_02_2015/1408532.pdf ), this has however been revoked and a new agreement only states 50% interest in equity. ( http://www.galaxylithium.com/media/announcements/4366rv115j4ycm.pdf )

>> No.1180433

>>1180427
>u gon get raped

>> No.1180436

>>1180431
I see, thanks.

>> No.1180438

>>1180427
>GXY doesn't even have a currently operational mine

this is a videoclip of the mine from 5 years ago, https://vimeo.com/22227193

please read the thread, they have a mine at Mt. Cattlin since 2011, was in care and maintenance till 2015, started operating and minning last week. they are the only producing lithium company next to the big five and the struggling ORE, globally.

>> No.1180442

GALXF opened at 0.215

>> No.1180447

>>1180433
Sorry, not riding the meme express to the basement. Just trying to inject some reality into this situation.

Sure, lithium could jump, but tesla is at least a year away from building the model 3 at this point, and 300k pre orders doesn't mean a gxy contract is gonna happen. Best case, gxy share of Mt cattlin gets bought out or leased to a big firm with a contract with tesla. GXY simply don't have the capital or equipment to be mining at this point, and if they wanted in on a tesla, they'd already be ramping up for production.

>> No.1180449

>>1180447
>GXY simply don't have the capital or equipment to be mining at this point, and if they wanted in on a tesla, they'd already be ramping up for production.

reality into situation
>they are already minning
>they already have an offtake agreement with mitsubishi
>they already got $60Mil in advance for the production

3/10 shitposting m8, git gud

>> No.1180450

>>1180447
u gon get memed

>> No.1180452

>>1180447
Hey fuckwit, you buy before shit actually happens and not after.

It's called "buy the rumor, sell the news". Stop trying to pretend you know what you're talking about.

>> No.1180453

Join the ETH(ethereum) mining! Try to register before 4/11 of the pre-order deadline.
You will be 12% off by using the discount code. -> "HF16ETHER12"
In the case of purchase $ 1,000 more will be 16% off by using this discount code! -> "HF16ETHER16HVC"
The link below
https://hashflare.io/r/6D7652D7

>> No.1180459

>>1180453

Damn we've come full circle

>> No.1180508
File: 20 KB, 543x378, GXY.png [View same] [iqdb] [saucenao] [google]
1180508

>>1180060
don't get too excited. that's just the death rattle of a company

>> No.1180520

>>1180508
No it's actually the pre-moon rise or acquisition phase. Dump has already completed and levelled off. Moon incoming. Afaik they're not in debt so shouldn't go bust.

>> No.1180581

>>1180520
>can only dump once
OK

Also I think you're ignoring the fact that the company still isn't profitable. Most people are relying on their Tesla crutch and their lithium hype.
I smell a dump.
My stop/limit is good and I'll be set to make $2500 if it falls back below .20

See you all on the other side.

>> No.1180593

>>1180520
>>1180581

It will be pumped and dumped very soon, but it's still a great long term hold after (if you aren't putting most of your portfolio into it)

Good stock to make short and long plays on

>> No.1180594
File: 101 KB, 878x914, GXY GMM comparison.jpg [View same] [iqdb] [saucenao] [google]
1180594

Price increase comparison for GXY and GMM over 3 months and a year. The two match eachothers movements, will GMM be left behind when Sal de vida comes on line?

With 800% increases are we bound to see some selling off soon? What kind of dips can we expect to see?
When are anons expecting to hop off the rocket to the moon and at what price?

I'm thinking of re-evaluating in a years time or $2, whatever comes first

>> No.1180621

geologist here. take a look at nemaska lithium who are going into production in quebec.

there is also a big lithium play in nevada so you could grab penny stock. the play will heat up and the promotors will pump the stock and you sell during the pumping.

>> No.1180624

What trade company should i sign up with to trade immediately, ausfag here.

>> No.1180641

>>1180581
>Most people are relying on their Tesla crutch
they have no relation to TSLA, their MOU is with Mitsubishi

>> No.1180642

Why did the Australian version raise 10% today, but the American side is only up 1.5%? I thought they traded in tandem?

>> No.1180651

>>1180624
>What trade company should i sign up with to trade immediately, ausfag here.
Your bank would probably be the quickest, since they already have your details and funds.

>> No.1180655

>>1180642
>Australian version
wat?

>> No.1180663

>>1180621
>take a look at nemaska lithium who are going into production in quebec.

NMX is a virtual producer, meaning they do not produce but raise capital to finance the development of their production facilities. Also their entry point will be very delayed since new spodumene supply just came online with GXY, (NMT and PLS following). One has too take into account that China is ramping their Li-Hydroxide production which is the "trump card" of NMX, making their business case less compelling even if they have lower costs than their chinese counterparts.

You being a geologist I have some questions which I would be really glad if you could answer. I am interested in the lithium-ore magnesium purification process and its development. Could you enlighten me more on that subject, I can ask specific questions if the question is too broad.

>> No.1180688

>>1180621
the movement over the past 3 months is wild - https://www.google.ca/finance?cid=9391735

>> No.1180689

guys we need to hype the shit out of lithium, lets brought every weapons, and start hyping it on /b/, 9fag, tumblr, lmao, yahoo etc

>> No.1180706

Ok, I'm down. How do I buy it? I've never bought stock before.

>> No.1180707

*** Galaxy Resources: Mt Cattlin Lithium Mine is Back in Action ***

- April 3, 2016

Last week, Galaxy Resources (ASX:GXY) received notice from its partner, General Mining (ASX:GMM), that mining operations have commenced at the Mt Cattlin hard-rock lithium mine in Western Australia.

As per the company’s release, an initial five-week program will recover and stockpile spodumene and tantalum concentrates. Crusher and coarse-circuit commissioning is expected to take place during the June quarter, with the company working through a three-month ramp up to a base-case throughput rate of 800,000 tonnes per year.

The project is fully funded through this optimization phase via offtake payments. At the start of March, Galaxy announced a $36-million spodumene concentrate offtake agreement with two Chinese buyers, to be settled through Mitsubishi (TSE:8058).

Certainly, the milestone is an important one for Galaxy. Mt Cattlin was put on care and maintenance in 2012, but the company signed an agreement with General Mining last September to bring the mine back online by Q1 2016.

“The recommencement of production at Mt Cattlin represents another major achievement by General Mining in not only meeting its obligations to Galaxy Resources, but also in becoming a reliable, independent and growing supplier of spodumene concentrate to the global lithium market,” said General Mining Executive Chairman Michael Fotios in a statement.

“The Project team has delivered against a very tight commissioning timeline in order to take advantage of market demand, and I’m confident in our ability to continue to meet our ramp up schedule over the coming months,” he added.

General Mining has an option to earn a 50-percent interest in the Mt Cattlin project. The company provided the capital for the restart and ramp up of operations at Mt Cattlin.

First delivery of concentrates to the company’s Chinese customers is expected to take place in July or August of 2016.

>> No.1180708

>>1180060
Looking at the financial report of GXY they are operating at a huge loss senpai.
The only way they even came close to pulling in any revenues was liquidating a closed project.
10/10 would pass again. Mining sector fucked in AUS.

>> No.1180757

>>1180708
Ty dumping this turd.

>> No.1180772

>>1180708
>Looking at the financial report of GXY they are operating at a huge loss senpai.
>The only way they even came close to pulling in any revenues was liquidating a closed project.
>10/10 would pass again. Mining sector fucked in AUS.

They closed the Mt. Cattlin mine (not liquidated, there is a big difference in that, if you wish I can elaborate on the reasons why) for care and maintanence in 2012, sold their assets in Jiangsu (lithium converter plant) in China as well as selling 50% of the Mt. Cattlin stake to GMM. Through this excercise they restructured their balance sheet from $200Mil debt to $20Mil debt. They restarted their Mt. Cattlin mine last week, the lithium they were producing from spodumen 5 years ago and are producing now is in a supply shortage spiking the LCE price double the spot-price of last year, making their product sought by converters, mostly in China which dictates the global demand. The first shipments are awaited to take place in July or August, from then on one could take a more plausible insight into the operating process of the company.

>> No.1180884

>>1180708
where can I look at this financial report? I haven't had much luck finding anything recent at the usual places.

in for 1076 with the last $275 in an old brokerage acct. No way I'll put more in because their platform sucks and they charge $20 commission PLUS $6 online order handling. Fuckers won't let me close it without a $100 fee, so might as well ride the /biz/ meme.

>> No.1180888

>>1180884
>>1180708
I mean the most recent report. The latest I can find from them is the 2014 report. Surely there's a 2015 q4 or at least q3.

>> No.1180890

>>1180884

I do not know of the financial report >>1180708 is regarding to, however here are the current statutory accounts. The accounts from 2016, the actual operating year, bear in mind the mine just restarted a week ago, are still pending.

http://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTUIN5ge1pmeeuZlJ2%2Fk%3D

>> No.1180996

Mt Cattlin is not interesting enough to buy it for, for me is the Sal de Vida mine something that gets me warm. If the production and sales of the Mt Cattlin is better than expected, they won't hesitate to go for Sal de Vida.

>> No.1181008

>>1180996
Tell me more about sal de vida please. What makes it different than the huge fields owned by virtual producers?

>> No.1181017

>>1181008
The Sal de Vida deposit is one of the world’s largest and highest quality undeveloped lithium brine deposits with significant expansion potential..

>> No.1181022

>>1181008
This >>1181017

Mt Cattlin is peanuts compared to the Sal de Vida. It will only pay for their debts and costs is what I've read.

When they mine Sal de Vida = gold

>> No.1181034

Make sure to check out the google finance page from time to time. It keeps you updated with important news;

https://www.google.com/finance?cid=713068

>> No.1181059

>>1181022
>>1181017
Neat, thanks. Seems like they won't get it up and running for a few years though. That's only if lithium demand continues to expand at the current rate, which seems like it might be doubtful.

>> No.1181070

>>1181008
>What makes it different than the huge fields owned by virtual producers?

To answer this question I would have to know which fields or virtual producers would you like to be comparing? I will give a rough description of the lithium production process though.

Australian and Canadian* lithium producers, be it virtual like Neometals, Pilbara, Lithium Australia, Nemaska* etc. or actual producers like currently only Galaxy Resources, mine spodumene. Spodumene is a pyroxene mineral consisting of lithium aluminium inosilicate, LiAl(SiO3)2, and is a source of lithium. The spodumene is treated by a method called acid roasting in order to get lithium concentrate.

The lithium production in South America (the lithium triangle of Bolivia, Chile, Argentina) is however not derived from mining, the extraction technique there is to evaporate water from the lithium-containing brine. Each batch takes from 18 to 24 months.

Pros and Cons of each technique:

Spodumene (or 'hard rock processing')
>costly but quicker and secure

Brine evaporation
>cheap but longer and unsecure due to weather conditions.

**Lithium recovery from clay deposits (Bacanora, Sonora, fmr. Western Lithium site in Nevada)
>technological problems and non-feasibility in comparison to brine evaporation

Galaxy Resources is currently producing lithium through the spodumene processing in their mine at Mt. Cattlin. The profit made there will be invested in the development of the Sal de Vida brine evaporation site in Argentina, for which they already made a definitive feasbility study in 2013, as well as to further accelerate studies at the James Bay pegmatite (spodumene) project in Canada.

>> No.1181071

how to buy if finnish? rree fucking nordnet wont allow me it to buy it

>> No.1181110

>>1180621
>there is also a big lithium play in nevada
Are you talking about the Chemetall foote operation, and I can't find anything about who owns it. Or Pure Energy Minerals' Clayton Valley Project? PE.V is just a virtual producer at this point, no?

>> No.1181111

As I see /biz got very intrigued by the stock, so I may once again give my insight on what makes Galaxy Resources (GXY) so interesting.

The current state of the lithium market is controlled by an oligopoly of the 'big three' and counting the chinese magnats 'big five' corporations, these are Albemarle (ALB) the main lithium distributor in the world holding the majority share of lithium distribution, Chemical & Mining Co. of Chile Inc. (SQM), FMC Corp. (FMC), Ganfeng, Tianqi. The two companies that dictate the lithium market price however are Albemarle and Tianqi with their JV on the biggest lithium mine in the world called Tallison in Australia.

Albemarle and Tianqi pushed the price on the LCE (lithium carbonate equivalent) or 'lithium' in 2015 to the highest historical values, making the converters biding for supply agreements due to the shortage of lithium on the market. Bear in mind lithium is not a rare earth, there is enough of lithium in the world, most of it in western Australia and South America all other sites be it in Europe, North America etc. are minor in comparison, however the industry is not producing enough of it, thus even the biggest distributor Albemarle and Tianqie with the biggest mine cannot saturate the demand.

This current situation in the market (end 2015 - beginning 2016) makes EVERY lithium producer that is able to actually produce lithium a VERY sought contributor to the supply chain.

ONLY TWO companies other than the 'big five' mentioned are producing lithium at the moment, the first that started producing was Orocobre (ORE) in 2015 with their brine evaporation processing in Salar de Olaroz and the second was Galaxy Resources (GXY) with their already producing mine since 2011 but halted for care and maintenance and restarted in March 2016 at Mt. Cattlin.

Although there is no need for Galaxy Res. to outcompete Orocobre, given the demand, Orocobre is struggling to deliver quality battery grade lithium product due to technical issues.

>> No.1181118

>>1181111
I would advise you to read the Full Year Statutory Accounts regarding Galaxy Resources (GXY) from the release date 24/03/16 to gain more insight in the company.

http://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTUIN5ge1pmeeuZlJ2%2Fk%3D

>> No.1181124

>>1181110
>Are you talking about the Chemetall foote operation, and I can't find anything about who owns it.

Chemetall Foote (Silver Peak, Nevada) is owned by Albemarle Corp. through their subsidiary Rockwood Lithium.

>> No.1181125

>>1181111
Yep. LIT (AU) seems to have a new way of mining lithium so we have to keep an eye on that one too

>> No.1181132

>>1181071
Can you find GALXF?

>> No.1181170

>>1181125
Lithium Australia isn't mining, it owns two sites one at Pilgangoora (where Pilbara Minerals has his site) and one at Yilgarn Craton near the Mt. Cattlin mining facility owned by Galaxy Resources.

I would like to know more about this "new way of mining", since other than the two mentioned, the third is not feasible even with the reverse-osmosis method and the seawater dialysis is still being researched.

>> No.1181182

Guys why is LAC (formerly WLC)heading into the stratosphere?

>> No.1181186

>>1181132
>>1181170
Found it, interesting technology, still in development but may lower the energy cost of the spodumene (pegmatite, lepidolite etc.) refining process. However one has to bear the technology by Strategic Metallurgy will still not make spodumene extraction cheaper than brine evaporation, but will lower its energy cost.

>> No.1181195

>>1181182
common hype i'd say. do they have anything to do with tesla? they announced their cheaper model and said it had fuckload of pre-orders or something? related?

>> No.1181202

>>1180060
Just tossed $400 at it, let's see where it goes.

>> No.1181224

>>1181182
My question is, why do both stocks still exist for one company?

LAC.TO = $0.68
WLC.TO = $0.465

Are they zeroing WLC before de-listing?

>> No.1181273

This is a YouTube video of their Mananaging Director Anthony Tse explaining what the company is about.

https://youtu.be/6ZNPeJOvbCQ

>> No.1181317

>>1181273
>>1181224
Higher than normal volume today. Excited to see how Australia opens. What time EST does it?

>> No.1181323

>>1181317
http://www.timeanddate.com/worldclock/
http://www.asx.com.au/about/trading-hours.htm
They open at 10AM so in 40 minutes if I am correct.

>> No.1181326

10am the market opens. Just under an hour to go.

I have been following this stock on Hot Copper they always post a lot of information. Some of the users are quite knowledgeable on this stock and GMM

>> No.1181332

>>1181317
I don't understand why GXY.AX went up 10% and GALXF only went up 5% today.

I was lead to believe they trade in tandem and would raise equally. Does this mean the GXY.AX will dip 5% tonight?

>> No.1181340

GALXF don't hold any value in the company.

>> No.1181344

>>1181340
Yeah but isn't it just an OTC version of the Australian stock for people on the American exchange?

>> No.1181352

>buying meme penny stocks
>buying miners
>taking investment advice from /biz/

It's almost as if you faggots hate money

>> No.1181365

>>1181340
>>1181332
We will see when it opens.

>>1181352
Miners have been beat to hell since 2012 man. I think theyre done

>> No.1181371

where the fuck would u even buy GALXF? i googled it and its OTC stocks.. what sites sell those lol

>> No.1181373

>>1181352
It's better than gambling/sports betting.

>> No.1181375

commodity prices have been shifting to Rare Earths, Energy storage and anything that can make a car lighter.

>> No.1181377

Don't look for GALXF they are a waste of money. Buy GXY Australian stock exchange.

>> No.1181378

>>1181332
>I don't understand why GXY.AX went up 10% and GALXF only went up 5% today.
>I was lead to believe they trade in tandem and would raise equally. Does this mean the GXY.AX will dip 5% tonight?

It is in the nature of the Over-The-Counter Markets not to be as synchronised as regular exchanges.

The price of GALXF now is 0,2180 USD - which is the same price as the current course of GXY.ASX; 0,29 AUD

0,2180 USD = 0,29 AUD

The percentage is derived in relation to the price increase in the currency the stock is traded in.

>> No.1181382

>>1181371
Most American brokers I'd assume... I use Scottrade. I could buy GALXF but not GXY.AX.

I was under the impression most people were holding GALXF since most posters are American. That's even what is in the thread title.

>> No.1181384

>>1181382
Oh sorry it isn't in the thread title I must have read wrong.

Whatever. I'll hold GALXF for a while since I can't buy on the Australian exchange. I'm up 10% since I bought it a few days ago so it's all good.

>> No.1181386

>>1181382
I'm from Belgium. The broker I use doesn't have GXY.

>> No.1181390

It looks like this stock has a mine in Argentina that could make 1 billion a year and they are going to have a joint venture with a company called GMM

>> No.1181403

>>1181390
source?

>> No.1181407

The video someone posted before of their big boss. They are going to produce 25000 tonnes of lithium and some guy called joe lowry says that there is a supply shortage right now and its currently $20000 us for a tonne of lithium

>> No.1181411

>>1180421
SECONDING THIS QUESTION

>> No.1181414

are you retarded? they just said it is in the video someone posted before. HERE >>>> https://www.youtube.com/watch?v=6ZNPeJOvbCQ#action=share <<<<<

>> No.1181442 [DELETED] 

Opened at 0.295 AUD

>> No.1181483 [DELETED] 

>>1181442
0.30*

>> No.1181536

Is it too late to buy now?

>> No.1181548

>>1181536
no

>> No.1181550
File: 26 KB, 637x486, njigger.png [View same] [iqdb] [saucenao] [google]
1181550

i cant even see what they are worth/sold for on this shit site..

>> No.1181554

Just bought 1k of GMM to compliment my GXY.
GMM up nearly 50% since monday.
Buyers being alot more cautious with GXY.

>> No.1181559

>>1181550
That's because they are OTC. Check https://www.google.com/finance?cid=713068

You have to place a bid (it's going between 0.29-0.30).

I'd also suggest buying more than 1000 because you will have to pay brokerage fee (mine was 29.95 USD).

>> No.1181560

>>1181554
>GMM
gmm?

>> No.1181562

As someone that is just getting into investing, I feel like fucking around with stocks isn't something I should start with..

but I am tempted to throw in 250 bucks just for fun.

Thoughts?

Also, what SHOULD I start with?

>> No.1181568

Do any of you use any of the following brokers for stock trading?

https://www.nerdwallet.com/blog/investing/best-online-brokers-for-stock-trading/

>OptionsHouse
>TD Ameritrade
>TradeKing
>Interactive Brokers
>E-Trade
>OptionsXpress
>Fidelity

Which should I sign up for so I can start trading?

>>1181562
me btw

>> No.1181578

>>1181560
50/50 with GXY, they're partners in the mine

>> No.1181581

>>1181560
mining partner of GXY for the currently operating mine.
They also have several gold deposits in western australia and may be on board with one or even both of the other international projects gxy has planned.

>> No.1181672
File: 628 KB, 516x402, 1456870892154.gif [View same] [iqdb] [saucenao] [google]
1181672

Have to wait within 24hr to start trading.

>> No.1181755

Fucking hell, waiting for my money to settle and I was ready to jump in at 25 before you fags started meming this shit.

>> No.1181798
File: 155 KB, 1440x1645, Screenshot_2016-04-07-23-43-16-1.png [View same] [iqdb] [saucenao] [google]
1181798

>>1181755
>>1181672
Why can't I hold all these gainz

>> No.1181814

>>1181798
FUCK ALL YOUR FAGS AND YOUR FAMILIES

FUCK THE BANKS, SETTLE MY MONEY REEEEEEEEE

>> No.1181819

>>1181798
I'm up 15% in 4 days, bought in at 27. TO THE MOOOOOOOON

>> No.1181825

Why cant I hold all these gains?

>> No.1181831

>>1181825
stop, you're making my cry

>> No.1181839

Are you guys all Aussie?

Can an American even buy these?

>> No.1181843

>>1181839


Please Answer guys..... :{{{{{{[

>> No.1181868

>>1181839
Read the thread, buy galaxf

>> No.1181883

Commsec minumum is $500.
Can I buy less from a different broker?

>> No.1181948

i suppose if im eurofag that I can buy GXYA.F right? Frankfurt OTC

>> No.1181957

GALAXY RESOURCES LTD(FRA:LK9)

>> No.1181968

There are literally hundreds of these companies trading on the ASX. They are all equally shit.

>> No.1181970
File: 31 KB, 1280x720, maxresdefault[1].jpg [View same] [iqdb] [saucenao] [google]
1181970

>>1181968

>> No.1181972

>>1180100
People aren't going to went to spend 30k when the car actually comes out. Some people won't have enough money, hell a recession could hit and very few could afford the car.

300,000 pre-orders isn't 300,000 sales. Market is way too optimistic about tesla.

>> No.1181980

>>1181972
Bout that time of the decade I think anon.

>> No.1181984

I can't find the galaxy ticker on Robinhood pls halp

>> No.1182015

>>1181984
It's not on Robinhood anon

>> No.1182022

damn its 30c .. the train is takin off.. I wonder what will hapen at 1usd huge dump, then it might recover and insane dump at 2usd

>> No.1182125 [DELETED] 

GALXF opened at 0.23

>> No.1182129

just bought ~3k of galxf, my first tiptoe into advanced memetics

>> No.1182143 [DELETED] 
File: 323 KB, 1633x1052, bizfag.jpg [View same] [iqdb] [saucenao] [google]
1182143

>lmao

>> No.1182144

0.250 +0.032 (14.68%)

Dayum.

>> No.1182150

>>1182144
wondering if it gonna get dumped and drop back to 10 or 20 cents..

>> No.1182155

>>1182150
>drop to 10c
If that does I'll just buy more

>> No.1182183

Bought this shit at 18cents a share a month ago for about 5k. Now it's 32cents. Best investment ever

>> No.1182185

>>1182183
wud fkin buy that too.. its fkin 32

>> No.1182191
File: 38 KB, 303x297, 1452318089127.jpg [View same] [iqdb] [saucenao] [google]
1182191

Can you please stop making this thread. Its a worthless piece of shit which is just trying to be pumped and dumped.

Going to laugh when it crashes over 50% one night.

>> No.1182206

Im a student and I'm interested in buying for 500$ of shares what could be the worse happening to this money? I'm not poor but i don't want to loose too .... advices?

>> No.1182225

>>1181377
Can we get some more info on this? I've got a little GALXF, what am I actually holding/ how does it relate to the GXY security traded on the ASX?

>they trade in tandem
Not a good answer, charts show it's highly correlated but not 1 to 1. I'm sure there's some financial fuckery going on here, and want to know what.

>> No.1182238

What online brokerage can I find galxf on?

>> No.1182244

>>1182206
We're gambling here. You are hoplessly lost. The nature of this game is that we *might* get a lot of money, and we *might* lose it all.

>>1181843
You need to learn how to mathematically compare securities to 1 year zero coupon bonds. Also, this isn't investing, it's gambling.

Which broker should you use? Figure it out yourself! They all have different rates, min deposit, customer service, etc. Look them up and decide what's best for you.

>> No.1182253

>>1182206
A pump and dump, spend your money elsewhere instead of these retarded meme stocks.

>> No.1182294

>>1182253
>A pump and dump, spend your money elsewhere instead of these retarded meme stocks.

GMM, NMT, PLS, ADV, NMX, LAC, BCN, REM, PE.V, LIT - pump n' dumps built on lithium hyping and tesla shilling, only shit this companies have is a field of dreams and a paper in their hand.

not GXY though, this one has infrastructure and production, you can hype it you can dump it, but this doesn't change the fact they are producing and will earn profit by selling their product.

>> No.1182301

>>1182144
GXY.AX = 0.320

GALXF = 0.243 (± a couple pennies)

Is the difference widening because of the currencies?
They're both climbing, just the ASE seems to climb a bit harder.

>> No.1182304

>>1181559
What broker do you use that has $29.95 fee? That's so fucking low.

>> No.1182321

>>1182304
I saw some paying less. I use a Belgian bank called keytradebank.

>> No.1182324

>>1182225
>I'm sure there's some financial fuckery going on here, and want to know what.

It is called the OTC, over-the-counter market. You can learn more here.

http://www.investopedia.com/terms/o/otc.asp

because OTC trades as it trades, you cannot expect exactly similar chart fluctuations. when you make an order in the US at OTC for GALXF, the guy at the OTC calls a guy in Australia on the ASX when it opens and tells him, I have this guy who wants to buy GXY for this high bid, the guy on the ASX tells him ok this is the ask currently, if it fits it is sold. When OTC opens again in the US they run the numbers and when every OTC trader that bought GXY on ASX inputed his numbers in the terminal, the chart forms himself. this OTC chart can never be in exact correlation as the ASX one, since it gets the input from OTC trades with ASX, not the direct trades on the ASX.

>> No.1182347

>>1182324
So these are actually GXY stocks, just gone through a 3rd party.

Neat.

Wish my brokerage would just deal with ASX directly though.

>> No.1182360

>want to get into this with a couple hundred I have to spare but I cant make an account because of rural HC address

>> No.1182384

>>1182324
So my 1076 shares of GALXF is representative of (tied to) 1076 GXY.AX shares? For example when I sell, my broker calls a guy on the ASX and 1076 shares of GXY are for sale, then someone else who wants to buy GALXF has to buy those GXY through their broker? Something seems kinda fishy still.

I was under the impression my GALXF shares were just listed on some OTC ECN and when they go up for sale someone else buys them and GXY shares are not directly involved. This left me with questions about whether GALXF shares actually represent any ownership of Galaxy or some arbitrary holding company that uses financial wizardry to 'track' GXY (kinda like the way d/uwti works).

Unless GALXF shares are just a separate issue of common stock specifically for american markets.

>> No.1182467

>>1181559
>>1182324
>>1182384
...

Hold on, does that mean, for my trade to go through the OTC (GALXF), I should be pricing my trade on the ASX numbers?

Cause if I put in an order at say $0.25 on GALXF, but the ASX stock is at $0.32.. Won't they just tell the OTC guy to fuck off?

>> No.1182471

>>1182467
USD/AUD is 1.32. Current prices match. Assuming what the other guy said is true, you don't need to worry about GXY price, the exchange rate is in for you already. Your hypothetical situation won't happen if this is the case. OTC has shitty liquidity though, so if it's trending up, place your limit a cent higer than the current ask or you might not get filled.

It's difficult to find any sort of initial filing or offer statement for GALXF. I'm just gonna call my broker and see if they know.

>> No.1182484

>>1182471
Ahh, makes sense.

Ok, latest update had it at 0.24, so I'll make a buy order at a 0.25 limit

(stupid captcha, that's not Tea, that's gravy)

>> No.1182491
File: 1.99 MB, 300x225, tumblr_nk6p9kWNj71tf97n3o6_400.gif [View same] [iqdb] [saucenao] [google]
1182491

Might be the most obvious pump ive ever seen

>> No.1182512
File: 48 KB, 614x509, one way ticket to the moon.jpg [View same] [iqdb] [saucenao] [google]
1182512

congratulations for the holders

>> No.1182514

UP 20% TODAY TO THE MOON BOYS

>tfw only invested 1.3k

>> No.1182523

>>1182491
>this is a pump
>up almost 50% since shilled on Monday
>other meme moon missions like NETE and MNKD never get called out for pumping or shilling
>down 50%

Butthurt Robin Hood investor that can't buy the stock spotted.

>> No.1182541

>>1182491
>pump

Company is doing well in a sea of filled with shit virtual miners, of course it's going to go up.

Before they closed up the mine they just restarted, this stock was $5.00+.

As soon as they make their first shipments and their next quarter gets released, this thing will just keep climbing.

I'm expecting at least a $1.80±0.20 by next year.

>> No.1182550

>>1182541
There are so many shares outstanding though. 2 dollars per share would value the company at 2 billion.

I'd like to see a 1 for 5 reverse split.

>> No.1182556

LAC up another 10c today Fuuuuuuuuck why did I sell at 48 it's

>> No.1182577
File: 79 KB, 500x377, image.jpg [View same] [iqdb] [saucenao] [google]
1182577

>> No.1182581

>>1182556
See.. Galaxy I understand why it's climbing.

But why LAC?

>> No.1182596

>>1182550
If Lithium keeps climbing and the other miners take too long to get operating, it might reach that.

Remember that in 2017, the Tesla Gigafactory will double the global production of Li-Ion batteries alone, never mind the expansion of other operations using lithium.

It's in heavy demand now, and as such it's going nowhere but up until (like oil) the supply begins to overwhelm. And that will take some time.

>> No.1182598

>>1182577
I want off this wild ride.

>> No.1182603

>>1180663
im not familliar with lithium metallurgy, sorry !

>> No.1182607

>>1182191
It cant crash if its making + P/E and EPS. Its bringing in revenue. It cant crash if its making a steady earnings you fucking idiot

>> No.1182611

>>1181110
I see pure all the time. however I'm doing frequent google search on small penny stock that will mention the acquisition of mineral right in that area during the next months. they'll do pump and dump and if you buy early when these stock are at 1 cents you wont risk much. If they're good pumpers you'll end up with 5-10. times your investment...

>> No.1182613

>>1181407
>2000 per ton
>not 20000

>> No.1182616

>>1181182
LAC just has a paper and a dream, no mine, no set up. They are hoping that they get enough investment to even start planning on making a setup that could produce a revenue that wouldnt put them in debt. This is a pump and dump.
GXY is not

>> No.1182630

>>1182607
>EPS: -0.01
>Net Profit Margin: -3.56%
Yeah dude it's raking in the big bucks

>> No.1182641

>>1182630
citation ?
>P/E +15.22
>EPS +0.02
>http://finance.yahoo.com/q?s=GALXF

>> No.1182644

>>1182630
stick to the femdom and anime porn, let the older people do business. Degenerate scum

>> No.1182676

>>1182641
>>1182644
That's not what google finance says. Enjoy your shitty pump and dump company. Also learn what IDs are you fucking retard.

>> No.1182687

>>1182676
the fuck?
>learn what ids are
>yeah cause I wanted to pretend that I was two separate people
>fucking retard uses google finance
>like i said stick to the femdom and anime porn faggot

>> No.1182691

>>1182676
>"learn what ids are"
> implying that a user cant double respond
>oops did i just do it again
>damn, shouldve used a proxy

>> No.1182692

>up 30% in three days
>I'm the retard

I remember when I thought my friend was retarded for taking bitcoins as payment in place of actual money.

>> No.1182709

>>1182687
>>1182691
wew. Penny-stock pickers everyone. Stick to reddit, pal. 4chan seems a little too advanced for you.

>> No.1182713
File: 20 KB, 494x358, latest[1].jpg [View same] [iqdb] [saucenao] [google]
1182713

>>1182676

>> No.1182716

>>1182709
I dont invest in penny stocks normally. I have a bank account of 100 thousand, and Ive made 16 thousand in unrealized gain since February.
>im 22

>sit the fuck down, kid

>> No.1182733
File: 155 KB, 1088x408, what.jpg [View same] [iqdb] [saucenao] [google]
1182733

So, how do I get rich now? I can't find GALXF anywhere.

>> No.1182824

Anon what software is that?

>> No.1182947

Will this trade during the alter during the weekend?

>> No.1182950

>>1182733
What online broker are you using?

>> No.1182984

>>1182716
Is this supposed to be impressive? You're out of your element

>> No.1182987

>>1180060
Pump and dumping is illegal dipshit

>> No.1183006

>>1182950
fxglory. I don't even know if that's the right broker for this stuff, I'm a total noob. It's strange that there is no fool-proof guide on how to throw your money at the screen if this is supposed to be a pump & dump; PandaCoin was easy as fuck to set up.
>>1182824
Their website-version of Meta Trader 4

>> No.1183071

Is GALXF available on OptionsHouse?

>> No.1183100

I invested in this company about a month ago when the share price was about 15cents. my friend recommended it to me about 6 months ago when the share price was about 2cents. This company almost collapsed a few ago when there debt was about 200mil. however they appointed a new boss who restructured th business and now only has 20 million net debt. This company will continue to rise, i have no doubt and it is definately not a pump and dump. They are already producing and have presold the production amount of the mine they have in australia. also they have 2 further mines, one in argetina and another in canada. this is not some dodgy 10mil pump and dump company. their currently valued at 300mil + and in my estimate will be valued at over a billion at the end of this year. anyways you can view the recent video of the ceo talking about all of this. anyways i put a 10k investment and hopefully it be 100k by the end of the year. anyways DYOR https://www.youtube.com/watch?v=6ZNPeJOvbCQ

>> No.1183108

>>1183100
I can't believe I only invested 1k. I'm up 30% already.

I don't have the balls to put more money in a penny stock after a 3 day 30% run up but I don't think it's going to drop lower either. Fuck.

Talking about GALXF by the way.

>> No.1183110

>>1183108
>GALXF

Will I be fucked if I wait til Monday to buy?

Think it could fluctuate over the weekend?

>> No.1183119

How would I buy OTC stocks?

Would it work on interactive brokers? I'm in Canada btw

Is this going to be the new $PLUG?

>> No.1183120

>>1183110
No idea, I'm just along for the meme I barely know shit about this. However I've been around for a long time and this one the first meme that seemed reasonable and I've invested in.

I'm not selling even after the quick 30% gain because I'm hoping it will hit $1. But I put my money in ok with the fact that I might lose it all.

Invest at your own risk I guess.

>> No.1183125

>>1183119
I use Scottrade and they charge me $7 a trade and .05% on top if it is a penny stock, so it came to like 13 bucks to buy 6,500 shares.

I don't think it will rise like plug. There is a shitload of stocks outstanding it seems for it to be valued at 280 million at .26 a share. I think the most realistic we will ever see is $3.00 without a reverse split absolute best case scenario but again what do I know.

>> No.1183133

>>1183125
Would I have access to OTC stocks with OptionsHouse?

It seems like everyone uses Scottrade.. but OptionsHouse is cheaper. Argh!

>> No.1183148

>>1183133
Never heard of optionshouse. My friend used to use Charles Schwab and I think he paid a flat $9 or $10 a trade regardless of whether it was a pennystock or not.

>> No.1183300

>>1183006
I don't think this is pump-and-dump. 4chan doesn't contribute enough volume for that. This is a 1 year play, or wait till earnings come out.

Also, no shit fxglory doesn't have it. fx, foreign exchange.

>>1183133
Not sure if they do, but i wouldn't anyway. I remember when AVXL shot up, OH people were having trouble getting sell orders executed even though it's on the fucking nasdaq.

>> No.1183481
File: 2.05 MB, 480x271, aHDWU67.gif [View same] [iqdb] [saucenao] [google]
1183481

would never trust /bizfags no to pick a rotten apple from 10 fresh ones, but looking at GXY this company looks fucking good, how the fuck did you fags manage to find this?

>> No.1183535

>>1183481
Spoon fed by some aussie who knew their shit in the lithium thread a few days ago

>> No.1183537
File: 85 KB, 361x333, 1427098149364.png [View same] [iqdb] [saucenao] [google]
1183537

>>1183481

/Biz/ should stop talking about meme coins and visit our AUSBIZ thread once and a while.

>> No.1183576

I have no doubt this one will fall again. But eventually I see it rising. June is our date to look after when they start selling their first batch.

I will hold atleast until November.

>> No.1183646

>>1183119
Scotia Itrade has it available on the NYSE

>> No.1183677

>>1183646
Wut? It's not listed on the nyse for sure though

>> No.1184108

>>1183646
I have it available on virtual brokers for 0.0025 per stock

>> No.1184143

Which online broker has GALFX?

>> No.1184145

Lol at OPs blatant shilling. Literally copy pasting from a previous thread in which a more coherent poster was posting about GXY.

>> No.1184147

>>1184143
I'm seeing it on Scottrade.

>> No.1184153 [DELETED] 

>>1184145
>Literally copy pasting from a previous thread in which a more coherent poster was posting about GXY.

which thread?

>> No.1184160

>>1184147
What was the fee for trades? My bank does 9.95 flat fee per trade.

>> No.1184216

>>1184160
7 bucks as usual. Scottrade is a good learning tool as well

I invested 3 k at .26

Hoping to go.. TO THE MOON REEEEEEE

>> No.1184219 [DELETED] 

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Typically, there is 200 to 600% of return.

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>> No.1184223

>>1184216
Ok, just so I'm clear on this.. does the fee for these services apply whether or not you 'win' or 'lose' on the trade?

>> No.1184242

>>1184216
Scottrade work for Canada?

>> No.1184277

>>1184223
If we're talking about brokerage, it's a fee you have to pay when you buy and sell a share. It's up to you when you do buy and sell, so you have to take into account how much it's gonna cost you relative to how much money you're investing.

>> No.1184290

>>1184108
You are looking at the wrong stock then.

>> No.1184294
File: 7 KB, 225x225, 190dd9b88a258aefccafbe9ba3eb965e.jpg [View same] [iqdb] [saucenao] [google]
1184294

>>1184219

>> No.1184300

>>1184277
Yeah, that makes sense, thank you. So, in other words such a charge might make you consider your trades a little more carefully, but it doesn't necessarily wipe out your profitability, if you know what you are doing?

>> No.1184301
File: 213 KB, 1578x672, GXY.jpg [View same] [iqdb] [saucenao] [google]
1184301

>>1180060
>posted this last year
>only replies were bitcoins and shemitah

>> No.1184310

>>1184301
Fuck.

I literally could be up 2000%.

>> No.1184339

>>1184300
yeah, the main problem is predicting what the market will do. There's no sure fire way (as much as TA cunts will contest this). If you spend your entire day watching candlestick charts and moving averages you might get an idea, but for average people it's better just to invest in ETFs if you're investing long term.

Something like GXY is a lucky break, that is if it performs as we are expecting it to.

>> No.1184340

>>1184301
gotta push harder bro. I will say you did give the people who saw that (I didn't) a heads up.

>> No.1184341

>>1184310
if you had bought apple in the mid 2000s you would be up %8600 by now, there's no point fretting over the past, hindsight is 20/20

>> No.1184352

>>1184339
So would i be charged 7.95 per single stock? Or per the entire trade?

>> No.1184355

this thread...
is this what the famous pump looks like?

>> No.1184362

>>1184355
To the moon baby.

>> No.1184365

>>1184355
PUMP NO DUMP

>> No.1184366

>>1184352
Let's say you wanted to buy microsoft shares, and the brokerage was $10. You would pay $10 to buy the shares, and then when you decided to sell them, you would again pay $10 to sell the shares. This is the brokerage fee.

Just consider yourself lucky cause I have to pay fucking $30 in NZ

>> No.1184418

>>1184366
Mate WTF!! $30?? I thought we here in AUS 19.95 was expensive....is $30 like the minimum over there?

>> No.1184436

What's the initial funding for questrade?

>> No.1184506

>>1184310
Yes, but at that time they didn't have an operating mine, just things in the works.
Would have been much more of a speculative buy than what it is now.

>> No.1184548

>>1184418
yeah something like that, I haven't been able to get much info why it's so high. I think it's just because everyone invests in property in NZ and there's not much demand for sharemarket trading in comparison.

>> No.1184651
File: 1.36 MB, 250x194, 1460086193596.gif [View same] [iqdb] [saucenao] [google]
1184651

>>1184352
it's called commission, not brokerage fee (although that's ostensibly what it is)
>>1184366
Isn't quite right. It depends on the broker and the security. Most brokers will do a per-share charge after a certain volume, mostly to tax people trading penny stock. For example, my brokerage does $.03 for every share over 1000 plus the flat $20 commission. So my 1030 shares had $20.90 in commission. When I sell them I'll get charged that again. This same broker has different rates for futures and options.

>> No.1184765

>>1184290
I meant the cost to trade the stock, its 0.26, but the penny structure means the fee to buy that is 0.0025/stock

>> No.1184783

>>1180060
Hey Wipe, it's been a while.

Fuck you. Go back to GMO.

>> No.1184785

>>1180100
You cant drive a preorder faggot

>> No.1184812

Goddamn is that shit dangerous to play. Y'all are living off the hopes of one mine not going belly up.

>> No.1184878
File: 194 KB, 982x982, IMG_20160202_081645~2.jpg [View same] [iqdb] [saucenao] [google]
1184878

GXY STATUS : OFFICIAL MEME

http://hotcopper.com.au/threads/gxy-is-the-official-biz-meme-on-4chan.2744766/#.VwoMGMuuZnF

>> No.1184895

>>1184878
pimply faced hentai nerds is now a meme

>> No.1184902

How long does it take for a Comsec account to get approved?

>> No.1184904
File: 56 KB, 582x467, Screen Shot 2016-04-10 at 2.11.22 AM.png [View same] [iqdb] [saucenao] [google]
1184904

>>1180060
very nice stock OP. except you wont be able to pump as well since its not on robinhood :^)

>> No.1184931

>>1184355
I'm not convinced /biz/ can generate enough buying pressure to move the needle as much as this stock has been going up. It started its climb 6 months ago and has only been a meme for a couple of days.

>> No.1184978

>>1184355
>is this what the famous pump looks like?
no, this is just /biz getting on a bandwagon for a good stock. no amount that is bought by /biz could pump the stock up, other than an multi-milionaire pouring a couple of milions, that is lurking the threads.

>> No.1185006

>>1184904
Yes it is a nice stock indeed that is currently experiencing a large upwards trend in its SP filling my bank with money.

>> No.1185008

guise is dis shit some dank meme to da moon?

>> No.1185023

It won't get dumped, for now. Their was barely anything sold before last week. You can't dump if you never bought it. And the ones who bought alot bought them when they were little pennies so they will never sell it in ages because they have barely anything to lose.

>> No.1185054

>>1182294
GMM is producing in the mine pit GXY used to be producing in. They own a 50% share of the mine. Your logic is trash.

GXY hasn't been producing, and are just now ramping up. Sure, they have a contract with mitsubishi, but mitsu is going nowhere fast, and they certainly aren't producing all electric cars right now. GXY is a classic pump and dump, musk is never going to buy gxy lithium, and nothing else in the mine is worth the cost of production. That's why they shut down production in the first place.

If you're in, get your profits and get out. If you're not in, you missed the pump, don't get fooled in the dump.

>> No.1185057

>>1185054
what knd of fagot are you? the china is driving the market

>> No.1185066
File: 73 KB, 642x482, x3v2gnhx.jpg [View same] [iqdb] [saucenao] [google]
1185066

>>1185054
mundoo quit stalking the hotcopper threads, people will start believing we are retarded as shit, with the incoherent crap you shitpost there.

also the fuck is this faggot crap you spit out here, read the thread retard and stop trying to act as an adult as long as your balls haven't settled kid.

>> No.1185068

>>1185066
man im mundoo not 4CYI49W1

>> No.1185071

>>1185068
mundoo you cannot go to hotcopper, there are normies there, you have to learn normie speak to be able to communicate.

also if you've been researching the company for "some weeks" (we both know that's shit you posted there, you know shit about the company, the fuck did you research then), why do you ask stupid questions, that've been answered on this thread and the original one by (oKf+fcay).

go there mark his posts and read yourself through: >>1174069

also in this thread the (uu0O12x7) posts, which is I assume the same guy.

>> No.1185076

>>1185071
already know that hotcopper is full of stock phagets .. but here in 4chan there is no that big discussion .. ive read both 4chan threads + net, still got unanswered questions

>> No.1185192

>>1184904
>>1184931
>>1184978
This, it's not a "pump" you coinfags.


Can't wait to see how much higher Galaxy will climb.

>> No.1185269

when does ASX open ? I want to buy straight from the australian market

>> No.1185272

>>1185269
im at GMT +1 btw

>> No.1185282

>>1185272
in 7 hours

http://www.asx.com.au/about/trading-hours.htm

>> No.1185283

>>1184978
I don't know about that. The average daily volume is like 90,000 shares. I bought 6,500 for 1k a while back.

Not too hard to believe a few fags with 5k that could really pump this thing.

I'm holding though. Got in at .21. Like I said it's only 1k so I don't care what happens. I'll reevaluate once it hits .15 or 1$, whatever comes first.

>> No.1185289

>>1185283
GALXF has that volume, however that is not the stock, it is the OTC pink slip tied to the actual ASX ticker GXY.AX, you should look at the movement of that stock, not the GALXF.

>> No.1185295

>>1185282
does it make any difference to buy from asx or nasdaq ?? i guess only the broker fee to buy from different markets

>> No.1185297

>>1185295
I doubt it is on NASDAQ. You can buy it on the ASX directly or you can buy it on the OTC, which is the same, only that you ask a trader in the OTC to buy it on ASX for you.

read this >>1182324

>> No.1185299

>>1185289
So really the volume and demand of the OTC stock doesn't really matter, it's all based on the price movement of the GXY.AX stock and the USD/AUS currencies?

>> No.1185305

>>1185299
yes, exactly

http://www.otcmarkets.com/stock/GALXF/quote

>> No.1185314

>>1185305
What happens if I need to sell though? Would I need someone to buy my OTC shares, or could the OTC markets sell them on the Australian exchange and just retire my OTC shares?

Do you know? I couldn't find much good articles on OTC trading and this is my first time.

>> No.1185316

>>1185297
thanks ! really appreciate that....lets see how it works. Im buying 1200 shares just to make the experiment xD

>> No.1185324

>>1185314
If you want to sell, you give an order to "sell" your OTC pink slips, this is however not an order to sell the pink slips but the order for the OTC trader to sell their GXY.AX share, he bought on your behalf on the ASX and give you the profit.

>> No.1185340

>>1185324
Oh nice, that's reassuring. That's how I thought it went but I just wanted to be sure. Thanks a lot.

>> No.1185349

Welp, looks like this'll be my first stock to buy since I have money to mess around with in the stock market for the first time in my life.
Wouldn't hurt to buy a few hundred stocks for $.23

>> No.1185373

>>1185349
Yeah I'm looking to buy a couple hundred as well. Just trying to find a Canadian broker that lists it.

>> No.1185377

>>1182155
Do you ETH by any chance?

>> No.1185380

>>1185373
Virtual brokers has it and for cheap as well

>> No.1185382

>>1185373
I'm at work at the moment and don't have all the information to setup my first online stock trading account.
Any good /biz/ sites I should check out, or just stick with something like E-Trade?

>> No.1185407

can someone please tell me how to buy if you are in europe

>> No.1185419

>>1185407

Amazon

>> No.1185425

>>1185380
What's the rates and commission like?
My bank does $9.95 flat rate per trade, just have to wait till tomorrow to go in and open an investment account through them.

>> No.1185484

>>1185425
Scotia Itrade does 26$ trades unless you have over 50k in assets, then it drops to 10$

>> No.1185487

Mighty noob here.

In the UK, how do I buy this stock?

Would an online broker give me access to the Aus. stock exchange??

>> No.1185510

>>1185484
$26 is more than the $20 I would pay buying and selling a stock with my bank anon. Other almond posted Scottrade for online but from what I've seen its only for Americans?

>> No.1185576
File: 20 KB, 300x300, oAqf3LE.jpg [View same] [iqdb] [saucenao] [google]
1185576

4 more hours

>> No.1185714

How much longer do I have? I can dump money in at the end of April/early May.

>> No.1185756

Do u use any accurate tools to follow kinda of "live" stuff going on on the market ?

>> No.1185788

Who else is excited for GXY? 30 more minutes until we can see the train going again!

>> No.1185795

Release Date: 11/04/16 08:28
Summary: Mt Cattlin-more repetitions encountered under main pegmatite,GXY-GMM.AX
Price Sensitive: Yes
The announcement content will be available in 6 minutes at 08:48

>> No.1185816

LET THE SHILLING CONTINUE

>> No.1185826

>>1185373
They have it on Questrade. Takes days to set up tho.

>> No.1185831

>>1185820
>>1185820
>>1185820
>>1185820
>>1185820

new information available

>> No.1185835

>>1185831
As this page is reaching post limit I am following.

>> No.1185846

I don't understand the company's latest announcement. Anyone care to elaborate? Is it good news or bad news?

>> No.1185891

>>1185846

i am currently reading it, ill get back to you

>> No.1185903

>>1185846

from my understanding

they started drilling april 2nd and will stop drilling once they hit 600m in depth

>> No.1186545

>>1184436
1k is the initial funding for buying stocks.

>> No.1186545,1 [INTERNAL] 

Hi,

Just following up as I didn't hear back from you, sorry to email you again. I noticed your page i.warosu.org/biz/thread/1180060 links to timeanddate.com. Unfortunately, that site isn't very accessible for the sight impaired. Would you consider adding a link to a more accessible version like www.timeanddate.com/worldclock/ which is WCAG 2.0 compatible?

Also, if you ever want to see how accessible a page is, I recommend wave.webaim.org. It is really helpful.

Thanks,
Liz Cook

>> No.1186545,2 [INTERNAL] 

Hi,

Just following up as I didn't hear back from you, sorry to email you again. I noticed your page i.warosu.org/biz/thread/1180060 links to timeanddate.com. Unfortunately, that site isn't very accessible for the sight impaired. Would you consider adding a link to a more accessible version like www.timeanddate.com/worldclock/ which is WCAG 2.0 compatible?

Also, if you ever want to see how accessible a page is, I recommend wave.webaim.org. It is really helpful.

Thanks,
Shane Buck

>> No.1186545,3 [INTERNAL] 

Hi,

Sorry to email again, I made a mistake in my previous email. I noticed your page (i.warosu.org/biz/thread/1180060) links to timeanddate.com. Unfortunately, that site isn't very accessible for the sight impaired. Would you consider adding a link to a more accessible version like (www.thetimenow.com/worldclock.php) which is WCAG 2.0 compatible?

Also, if you ever want to see how accessible a page is, I recommend wave.webaim.org. It is really helpful.

Thanks,
Shane Buck

>> No.1186545,4 [INTERNAL] 

Hi,

Just following up as I didn't hear back from you, sorry to email you again. I noticed your page (i.warosu.org/biz/thread/1180060) links to timeanddate.com. Unfortunately, that site isn't very accessible for the sight impaired. Would you consider adding a link to a more accessible version like (www.thetimenow.com/worldclock.php) which is WCAG 2.0 compatible?

Also, if you ever want to see how accessible a page is, I recommend wave.webaim.org. It is really helpful.

Thanks,
Shane Buck

>> No.1186545,5 [INTERNAL] 

Secret Pump and Dump group.. gonna be doing
its next pump in about 30 hours from now

https://t.me/signalstrading
Signals are free, we are a few members but the pumps are made by a group of 1500 members