The day of the stock market crash in the USA, which happened the day after SQM's big announcement and the "oversupply" panic, GXY was smacked down to $2.82.
$2.82.
Since then, global markets have recovered; the oversupply myth has been shattered; GXY has cut this deal with POSCO - significantly de-risking SDV; Mt Cattlin & James Bay have also had good news... and yet GXY is pinned on $2.88...
Anyone who tries to argue that this is fair value for GXY is a crook or an idiot. But how do we shake these bastards off our backs?
An off take deal should do it. A big, juicy ten-year deal with some corporate giant.
GXY Price at posting:
$2.87 Sentiment: Buy Disclosure: Held