Smurfette Swell for the TA here's what I will add from an FA perspective on why a Big change has/is occurring and will be accompanied by a big rerate
Company is transforming with a huge asset sale and will go from having $160m in debt to around $60m in net cash or 6c a share in cash alone
Company is looking to divest another Deposit which has been valued at $40m or another 4c
Company will focus on Sal De Vida development one of the Top 5 undeveloped Lithium deposits in the world and comparable to OREs Salar De Olaroz (ORE 10x value GXY, ORE is much more advanced but shows the upside if GXY can get their act together)
Company has been aggressively sold down by Funds and others selling at whatever they can but around 95% loss in most cases BUT THEY ARE BEING TAKEN OUT OFF MARKET by a mystery buyer see the volumes
This mystery buyer is now GXYs largest shareholder and continues to buy what it can off market (another 7.8m done yesterday) I think they will do their best to get as much as they can at these levels but once off market supply runs out from stale holders I expect the stock to explode upwards
GXY Price at posting:
3.5¢ Sentiment: None Disclosure: Held
