I read the the strings on shares like this with amusement ....I traded GXY some years ago as a penny stock when they were no where near the state of production or sales they are at today ...
With the hype at the time on ANYTHING minerals they went close to 80c ...
Then the last year saw the decline in minerals and these guys almost bit the dust..down to 2 c .BUT for the timely sale out of China and the JV with GMM...AND reduction in debt ( very very important)
When you buy this stock (just like the milk stocks) you are buying THEME ...the theme is
spodumene ( end product lithium ) is a mineral of the future ....ELECTRIC CARS..
The fundamentals are in place ....onward sales at 100% via Mitsubishi ( car Manufacturer)
When is shipments starting ? only a few months away ....so is it going to happen ..YES !!
So lets not speculate how high the price will go and so on....believe the story , buy the stock and then put your risk management in place .....
I think that should be the game plan ....
What u think ??
- Forums
- ASX - By Stock
- GXY
- Anyone willing to predict...
Anyone willing to predict..., page-12
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online