Because every other major lithium producer (much, much bigger than us) around the world have announced plans to expand production, including companies here in Australia. This, under a cloud of oversupply concerns compounds the issue (which we all know isn't true, but the market believes it!).
Meanwhile, GXY keeps on digging in their little plot of dirt.
I'm not saying GXY isn't working behind the scenes getting offtake deals in place or expansion plans underway, but all the previous announcements from GXY got our SP to $4.55.
An expansion announcement is required.
The only way for our SP to move up is to expand JB & SDV.
Or start paying dividends (which isn't feasible at the moment).
GXY Price at posting:
$3.11 Sentiment: Buy Disclosure: Held
