Heyyy ASB.. been awhile, didn't know you traded this stock.. good to see you made profits!! Good start to the financial year. Hope you making like 20%+ or more each year, every year.
Yes, agree that this could go back to $1.50s based on weekly charts (BB) but if it drags into 1st August (weekly shipment) - we could see it go to high $1.40s.. but only if it gets sold on good news as always the case with GXY.
Weekly BB held at low of $1.61, and did touch on 26/6 before the rise.. but since then, it's already lowered to $1.57, and could go lower next week to $1.54 and week after to $1.50s.
Issue I have with some broker reports on $3+ TP is that they are pretty bullish on SDV and JB when its not even built yet, and requires debt, CR, JV or a combination of those 3. At least BP valued Mt Cattlin at about $1 per share - which is pretty good estimate.
Also - One rainy day in SDV area will pretty much be disastrous on financials.. (ie: How the heck do you have evaporation on a rainy day? thereby gather up lithium)
I see dark clouds in the below picture... looks like it's going to rain into the test pond.
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