Galaxy resources

seguramente vuelvan a subir. La demanda de litio va en alza por el gran uso de baterías con este componente en el mundo. Será cuestión de tener paciencia.

Ésta es de las mejores que tengo en cartera de litio, junto a Neometals. Ahora a la espera de si hay fusión de General Mining. No vuelve a cotizar hasta el Domingo. Espero fuertes subidas.
En breve comenzarán el proyecto Sal de Vida, una de las mayores concentraciones de litio en Argentina, en el tríangulo del litio.
Le veo mucho potencial

http://www.miningweekly.com/article/galaxy-resources-and-general-mining-placed-in-trading-halt-2016-05-27

Chile would be looking to ramp up lithium production, but for a dispute between government and the former son-in-law of a military dictator.
Eduardo Thomson, Bloomberg | 24 May 2016 10:30

The electric-car revolution is here and Chile is looking to ramp up production of the lithium the industry needs for batteries. Or it would be, but for a bitter dispute between the government and the former son-in-law of a military dictator.
After Chile’s government moved to withdraw its license to exploit one of the world’s largest deposits, Soc. Quimica & Minera de Chile SA opted to invest in a lithium project across the Andes in Argentina and is trying to block a project by Albemarle Corp. in Chile. SQM is controlled by Julio Ponce, the former husband of the late dictator Augusto Pinochet’s daughter.
Demand for lithium is soaring as Tesla Motors Inc. prepares to start production of its mass-market Model 3 battery-powered car and Chevrolet prepares an all-electric “Volt”. The soft, silver-white metal is also used in cell phones.
As of last year, Chile held 54 percent of the world’s known lithium reserves, almost all of it in brine underneath the vast salt flats of the Atacama desert. For now though, it’s neighboring Argentina that looks to be moving faster to capture surging demand, rather than the normally investor-friendly Chile. New Argentine President Mauricio Macri has removed currency and capital controls and a mineral export tax to lure investment.
Losing ground
“This bickering and this back and forth in Chile is detrimental” to production, said Chris Berry, president of research firm House Mountain Partners LLC and editor of the Disruptive Discoveries newsletter. At the same time “the political climate in other parts of the world is changing — and the case in point is Argentina.”
Sales from SQM’s lithium operations rose 62 percent in the first quarter as prices surged. The metal and its derivatives accounted for 41 percent of gross profit, the mining company reported Wednesday, up from 19 percent a year earlier.
Government agency Corfo, which is legally the owner of mining concessions that SQM exploits in the Salar de Atacama salt-flat, is seeking to rescind the rights, alleging the company has underpaid. SQM said the accusations are unfounded and subsequently announced a joint venture in neighboring Argentina which is targeting production of 40,000 metric tons per year of lithium carbonate by 2019.
Rival challenge
That’s not all the company is doing amid its spat with the Chilean state. In April, SQM said it will seek to block an expansion project by rival Albemarle in Chile, citing concern that the operation will have a bearing on its own environmental procedures.
Corfo had announced a 27-year contract with the Baton Rouge-based Albemarle in February to expand production in exchange for a royalty of about 40 percent of sales. The state agency declined to comment. SQM didn’t respond an e-mail with questions.
The dispute between SQM and the government doesn’t come out of the blue. In 2012, an auction that awarded SQM rights to produce an additional 100,000 tons of lithium was annulled after a review discovered that the company failed to meet all requirements.
And controversies continue. The company has fired its CEO for an illegal campaign- financing scandal that has tainted almost all the country’s political parties. At the same time, Julio Ponce is fighting in courts a fine of about $70 million imposed by the securities regulator for illegal trading in shares of SQM’s holding companies.
Inviting bids
The series of quarrels has led Ponce to hire a unit of Itau Unibanco Holding SA to invite bids for his controlling stake in one of those holding companies.
As Chile bickers, Argentina may surpass it in the next few years as a lithium producer.
Australia’s Orocobre Ltd., with backing from Toyota Motor Corp., produced 2,232 tons in the first quarter from its Salar de Olaroz in northern Argentina and is expected to reach full capacity in September. Admiralty Resources NL is in the pre-production phase at the Salar de Rincon, Galaxy Resources Ltd. is developing the Sal de Vida salt-bed project and Lithium Americas Corp. is working with SQM on the Cauchari venture, according to a presentation from the Argentine government. SQM agreed to pay $25 million to Lithium Americas for 50 percent of that project, which will begin construction in 2017.
Strategic industry
Prices for lithium carbonate at 99.5 percent purity in China more than tripled in the last 12 months to 168,000 yuan (about $26,000) per ton from 49,000 yuan, according to Asian Metal, as the government subsidizes electric buses to help clean up smog levels. While prices are falling in China, elsewhere in the world they will continue to climb, Citigroup said in a report. In 2015, Chile produced about 35 percent of global lithium output totaling 200,000 tons, according to estimates from consultancy Stormcrow Capital Ltd.
It’s not as if Chile doesn’t recognize the potential for lithium. The government has declared it a strategic industry, which means that it won’t hand out concessions to private miners but rather invite companies to form partnerships with state companies such as copper miner Codelco. But those projects will take time to get online, according to Berry.
“The market is growing, but supply isn’t going to stand still and wait for SQM and the Chilean government to iron out their differences,” Stormcrow President Jon Hykawy said by e-mail

Alguien sabe por que lleva unos días sin cotizar?

Saludos

Lo he dicho, pendientes de noticia si se fusiona con General Mining, cuando saquen el comunicado, vuelve a cotizar, creo que el Domingo noche ya empieza. Podría volar, je,je. Yo tengo muy buenas plusvalías y no me pienso venderla hasta los 2 dólares. Ojalás llegue, no sería extraño de aquí a un año.

http://seekingalpha.com/article/3978337-lithium-boom-may-just-begun-20-year-bull-run

Buena subida ante las noticias de compra de General Mining

http://www.smh.com.au/business/mining-and-resources/galaxy-resources-and-general-mining-in-700m-lithium-merger-20160530-gp6xk5.html

Potencial a corto plazo del 52%

http://www.4-traders.com/GALAXY-RESOURCES-LIMITED-10354892/consensus/

Galaxy looks to future after merger
Nick Evans - The West Australian on May 31, 2016, 2:00 am
[​IMG]
Galaxy Resources’ Mt Cattlin lithium mine near Ravensthorpe.

Galaxy Resources chairman Martin Rowley says the lithium miner will waste no time in trying to capitalise on its $216 million tie-up with General Mining Corporation, saying the merged company will consider a Hong Kong listing and look to development options for its Canadian lithium projects.

Yesterday, Galaxy confirmed it had agreed to a friendly tie-up with its partner, offering 1.65 of its shares for each General Mining share on issue. That values General Mining’s half-share of the Mt Cattlin operation at $216 million, well above the $25 million the Michael Fotios-led General Mining agreed to last year for the right to return it to production.

Galaxy’s first attempt to develop Mt Cattlin, and an associated downstream lithium processing plant in China, ended in near disaster in 2013 when design and commissioning failures at the Chinese facility left Galaxy wallowing in debt and Mt Cattlin in mothballs.

General Mining has kicked in $7 million to restart the mine, but has not been required to make the remaining $18 million cash payments originally envisaged.

Mr Rowley said yesterday the eventual remerger of the asset was always part of Galaxy’s thinking, even before General Mining took control of Mt Cattlin’s recommissioning last year.

Mr Fotios ran Galaxy until 2008, and Mr Rowley said he wanted the dealmaker involved to return the asset to production as a pure-play lithium miner. Now the company has reached that stage, he said, a simplified structure would make Galaxy and Mt Cattlin more attractive to investors and well placed to cash in on the expected boom in lithium demand. It had near-term production from Mt Cattlin and earlier stage projects in Canada and South America.

The merger also leaves Galaxy as one of the few lithium miners not substantially owned by a downstream lithium player.

Mr Rowley, also an executive director of global base metals miner First Quantum, said he was open to the possibility of further deals.

“One of the things I’ve learned from building First Quantum up from zero to $15 billion is that there are opportunities, and you get lots of approaches. So we’ll keep that option open,” he said.

“I’ve been talking about whether we should have another listing in Hong Kong, specifically because the Chinese will be very interested in this structure. Whether we will do that I don’t know, but we’ll investigate it.”

Shares in Galaxy jumped 4.5¢ to 44¢, with General Mining up 9.5¢, or 15.5 per cent, to 71¢.

The West Australian

Ps.. I have just talked my friend in Korea ( fund manager, they are selling a lot of investment products of chinese and HK share market)

He said " current gxy position for entering HK listing is 99% positive, its all matter of time when gxy management make a decision to call."

**** please thumbs up for this news, gxy is running like a bullet in Li producing business far ahead of all other miners including pls and nmt.

Very smart management and strong chinese & hongkong relationship.

Chinese wants to secure Li so badly, as soon as Gxy is listed in HK share market, this can be one blue chip stock.

(Again very smart guess @Thesi, ur hope is coming ture)

Casi un 6% arriba, buen cierre, rozando los máximos del año.

Anuncio de la presentación sobre la unión Galaxy/General, la 2da productora mundial de Litio, aleeeee vámonos a por los 50c ya.

http://hotcopper.com.au/documentdown...WhVgP1HhlFA%3D

He visto que Galaxy Resources también cotiza en el mercado alemán, está a 0,30€ con una subida hoy martes de un +3,45%. No sería mejor entrar en ésta del mercado alemán, la comisión sería más barata incluso. ¿Qué diferencia hay de una a otra?

Olvidate que ahí no hay volumen. Australia, la bestia ha subido casi un 8% y marca máximos del año

https://es.finance.yahoo.com/q/bc?s=GXY.AX&t=1y

http://investorintel.com/technology-metals-news/galaxy-resources-limited-results-of-meeting/

Anoche volvió a subir con fuerza, más de un 5% y ha vuelto a marcar otro máximo en la cotización en lo que va de año.