Market doesn't give a .... what Simon, Gary or Bob say on investor presentation or what generic response they give to email anymore.
Market cares that GXY did f...k all with SDV in the midst of biggest bull run. When even a backyard lithium miners managed to get funded and started a mine.
So the market gives SDV 0 value going forward in tougher times.
Market also doesn't give a f...k about shipping estimates for March 2020 because GXY has given more excuses than teenage boy on room cleaning estimates.
You can talk about 2025 and manipulation all you want, but there is a reason why GXY has 0 debt, bags of cash, quality deposit in 'Bermuda' triangle and 17% shorts.
Market cap is barely higher than cash on hand. If that doesn't portray the confidence fund managers have into GXY management and why vultures are circling then I have no idea what will.
While PLS has no cash, huge debt, 7% shorts and who's who of big lithium players as majority holders.
Why: because PLS was looking for asteroids, iron and didn't even know you can make batteries with lithium when GXY was saying the same things about SDV, upstream investing and so on.. Yet PLS has a working mine and opportunity to invest upstream with POSCO into converter. And GXY is still lining test ponds and liking A40 calibre wounds.
That about sums it up.
GXY Price at posting:
88.5¢ Sentiment: None Disclosure: Not Held
