The company is being relentlessly pounded, and beyond what @asb83 says I would be interested to know other posters views for the reason.
Martin spoke of a capital raising, but it did very much seem down the track if required. He was more aligned with the company taking on debt if needed.
So the capital raising falls out the window.
The company is also kicking around the type of product it wants to create at SDV. Anthony spoke of various forms that even included solid state. Pretty much they seem to be wanting to find a chemical style that suits the various offtake requirements, unless of course there ends up being only one.
Tesla is not new to having an interest in direct extraction tech. They even wanted to take over Simbol at one point for it. It might have been a little premature at that time, but now having a keen interest in getting into mining and securing their future albiet via Kidman at one point they are starting to reveal their cards. Their Ganfeng agreement funds for 3 years. Then what? In my view it aligned with Sal De Vida and is probably ties well to their interest in seeing how the tech at Sal De Vida performs.
I'm sorry, I kinda took this thread away from being all about Galaxy being $30 a share and turned it into what the future might hold.
I'm still curious why the shorters are so passionate about holding the company down. That's what it seems like.. just holding around $1.30, and maybe we will go down further on the next quarterly. I am sure the company will be well versed in this possibility and might be holding some cards up their sleeve for when that occurs.
Whats the end game? Is what I want to know, because at some point even whilst making money, when the company becomes so tempting and well below even the POSCO purchase at SDV North something will happen.
It will rely on the share holders to make that decision and those that hold a somewhat balance of power.
Still no major holding announcements.
So what's the play? - the long term play.
GXY Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
