The fundamentals say this stock will be much, much higher. No selloff can keep this down. Any sell down will go back up.
An announcement that SDV is fully funded , shorters are effectively bankrupt.
We know ALB paid $1bil for 50% for MIN project, the company only need $200mil from any of the 40 interested parties.
Lets say JB was mothballed indefinitely.
With SDV fully funded, no extra cash is needed for the next three years.
MT C production is $100mil plus US pa.
$100mil US share buy back every year for the next three years until SDV begin to produce.
In three years time, the cash from SDV used to buy back shares for the next 40 years. The cash from Mt C used as dividends.
Now add the value of JB.
You get the picture.
How many institution holders will want to sell their shares, when the autos are transitioning over to batteries, as well as energy storages increasing? The company will have the capacity to buy share long until after many fund managers have already retired.
How many still think is a good idea selling GXY shares? Make your own decisions.
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Dani Nadri, Country Manager Australia
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