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Old 03-22-2011, 04:34 AM   Nav to Top  #1
krysfofo
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Eye Does a pink stock of a foreign stock equal the stock? (GALXF/GXY Lithium)

Hello. I am bullish for lithium, but one thing bothers me. Often, it seems a reputable foreign stock is readily available to the USA investor as a "pink sheet" listing. But I don't fully understand how "pink sheets" work.

Galaxy Resources appears to be a reputable Australian mining company. Their website proclaims: Galaxy Resources Limited (ASX: GXY) is an international S&P/ASX 300 Index Company. (galaxyresources.com.au)

In my USA brokerages, I find Galaxy Resources listed as GALXF. Is this just the same? Or would I be well advised to open an account in Australia?

Pros:

* GALXF is mentioned at the Wall Street Journal website and everywhere else.
* They claim to have bought full ownership of a lithium mine in China.
* They claim to be planning listing on the Hong Kong exchange.
* Last week they issued notice that their long-awaited first shipment has been done in China.
* They claim to have longer-established mining operations in Australia.

Cons:

* GALXF is not mentioned on their official website.
* GALXF is on the notorious buyer-beware "pink sheet."
* They are priced in the "penny stock" range.
* My online accounts show zero accounting information about GALXF, as if it were a typical penny-stock.
* Today the price is "stuck" as if there are not enough shares to sell... or something...?

I.e... If I want full information about GALXF then I can find it under GXY... but... am I looking at the same thing? Is GALXF a real duck or just a quacker? Do I treat this as a long term investment? Thank you anyone!
GALXF
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Old 05-25-2016, 04:42 PM   Nav to Top  #2
Paulownia
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Default

... wish i could help. I see the same thing too, just with other stocks. Same question basically though... Anybody have an answer?
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Old 05-25-2016, 04:47 PM   Nav to Top  #3
Paulownia
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Default lithium - mining in general

I like to use " miningfeeds.com" to help guide my mining / materials decisions...if that helps
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Old 06-14-2019, 12:46 AM   Nav to Top  #4
scarlettsmith694
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Default How Did Lithium Stocks Perform This Year

GXY announced on the completion of environmental and social impact assessment for Lithium project. And the stock is currently declined to 22.78% in the last six months as on 11 April 2019.
This is not confirmed information I have followed stock market news which is on Kalkine Media and I found more information there and they have data also.
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