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Galaxy Resources Limited ("Galaxy") is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina.
Asian stock markets on Tuesday dragged down Nikkei benchmark index in Tokyo falling 7.1 percent, Hong Kong's Hang Seng index declining 5.0 percent to 30,628.22 and Australia's benchmark S and P ASX 200 slid 3.4 percent to 5,820.20.
Australia's ASX 200 was an exception, it wilted under the pressure of a little blue-chip weakness to end down 0.2 percent," he said.
It has lost 55 per cent of its value this year, making it the worst performing stock in the ASX 200.
I had written successive columns last May and June recommending strategic shorts on the ASX 200 share index in Sydney at 5600 and the Australian dollar at 0.96 cents.
Tax Practices of the ASX 200, some big companies including Westfield by Frank Lowy do not pay the right tax.
Directors of the ASX 200 have been put on notice by legal firm Maurice Blackburn Cashman, acting for the Climate Action Network Australia (CANA), that they must respond to the risks associated with climate change, or face the threat of legal action.
At 5,600, the ASX 200 index in Sydney simply does not reflect these cyclical bearish-case macro themes I see Down Under.
According to research from consulting firm Booz and Company, 23.5 per cent of CEOs of ASX 200 companies left their job last year, well above the global average of 14.2 per cent.
The ASX 200 rallied nearly 2% led by a rally in financials as investors celebrated the final report from a public inquiry into misconduct in the financial services sector, which turned out to be less harsh than feared.