Chart, page-12672

it very easy to draw a chart that shows the exact opposite to what you are suggesting.

there are a few (a lot) posters in here that seem to be hammering home the theory that because it’s falling it will keep falling. Let’s just sort a few things out....

1)
it is is impossible for the share price to fall any further via natural means ie only further shorting will force it lower. The issue here is that this has been occurring for over 12 months now and the risk of shorting at these levels are immense.

2)
back of the envelope numbers ensure this is rock bottom:
$290m cash at bank
$29m 12% A40
$11m 11% LPD
$100m plant and equipment ($29m spent on mount Cattlin yield opt.)
$32m 30kt stock plied spod @ us$750 (until end of April)

$462m total
$1.13 per share

now.... here’s the thing. This does not include any valuation the the resources and mining tenements are our 3 mines, Mount Cattlin, SDV and James Bay.

let’s simply attribute a fire sale at $100m per mine.
revised total $762m
$1.86 per share

sure, we can argue what happens if lithium prices fall further or A40 and LPD go broke or Gxy spend all of the $290m blah blah blah. The fact of the matter is this. The electric Vehicle revolution is here, it’s alive, it’s booming and the demand for the product we produce is outstripping supply.

10.5% of Gxy issued shares where held short on the previous run up from $1.50 to $4.50. Now it’s fair to say these guys got burnt round 2. As we sit on the cusp of round 3, the shorts are trying to create fear within the sector. The got it horribly wrong with galaxy though, due to the low retail holding. The instos won’t sell. Ausbill purchased above $3.50. There is no volume for them to cover. All they can do is continue to manipulate the stock though half cent high frequency trading and slapping more borrowed stock on the credit card. Sentiment will turn it has to or the sector will fail and as mentioned before the ev revolution is upon us so this is not an option. You make your own mind up on whether is feasible for miners to operate below production costs long term.

the whole sector has been played. In short Gxy base case is $1.80 and this is fire sale prices today.

For god sake do your own research, these white collar thieves are trying everything to cover off YOUR shares.

strong buy.