Doubt no more?, page-59

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crashman111

1,487 Posts.

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28/09/16

22:05

Post #: 19491176
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Originally posted by abz D ↑

Nrcmedia I have no doubt that you ll probably be right around 99%of the time.
In fact I started investing in gxy way back in 2008 or 2009 just before their disastrous foray into the lithium factory in China - they had grand plans and we had grand expectations! I paid through the nose for that dream and lost big Time. They factory had a massive explosion killed a few people, mt Catlin got placed on care and maintenance with no buyers for their spodumune and high costs.

I think this time is different for many reasons, least of which they have buyers on the books who are prepared to prepay.. They are focused and a much simpler company, little Debt and an almost ready for production mine. Add to that the massive increase in lithium demand and the formula for success is complete. Industry players know it as well, the first to market will win big, you don't have to look any further than the market cap of those that are easy behind gxy think AJM, PLS, KDR etc...

So all of this - and much more - tells me that gxy is ready to deliver. And I've again put more of my hard earned cash on the line. And to be frank, I know nothing is certain and the risk is inherent, but I'm prepared to take the risk in this one. That's what it takes to make it -risk taking. No one ever made it without taking risk. You just have to be intelligent enough to pick the right stock to take that risk on. Let's ask hope gxy is that one.

May God be on our side.

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Im in the same boat you're in... Except I didnt sell not one.. Averaged down to 52c now.. My profits arent that far off now.. I must thank all the shorters though, without them I would have needed the SP to hit the dollar mark to regain losses. So I do agree everyone is hurting at the moment but in a few more short months (not that long after waiting 7 years) we will look back and be kicking ourselves for not putting the house on it.
PS: only bite off what you can chew.

Last edited by crashman111: 28/09/16

GXY Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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