The 'word' is that the listing would have been deferred even without the recent selloff in the general markets
The decline in the GXY sp had been apparent for many weeks before the recent general selloff.
Large investors, including the Chinese, are not buying the story. Additionally, suspect that the general Li 'story' has run out of steam.
Only the little retail guys to soak up the exit. Always the way it seems. This may get much much worse. Suspect a pullback to the 60s is very possible.
GXY Price at posting:
36.8¢ Sentiment: None Disclosure: Not Held