I believe in GXY. Ive invested half what i intend to and will add more if Li prices turn or the SP goes close to negative EV territory.
Based on Li prices at the moment SDV is being valued at next to nothing. Im not saying that, but the sector analyst in the main are.
Simon needs to put forward a plan. Im hoping he will do this at the Q3 update. He needs to start earning his $600,000 salary. Thats the catalyst required as i cant see Li prices jumping in the near term.
If he is all wishy washy then we will have a problem. They have built the ponds, they better be lined or have a very good reason why not, is one example.
Good luck
GXY Price at posting:
94.0¢ Sentiment: Hold Disclosure: Held