GXY (ASX) Banter and General Comments

Originally posted by asb83 ↑

I said many moons ago that GXY management are probably one of the worst for an ASX200/300 company. That was at least a year ago. They have gone a long way to vindicating that stance. There are so many red flags at GXY you could be mistaken for being at a Chinese international soccer match. A leopard doesn't change its spots. Sure the sector is down the gurgler and the fundamental rug has been completely pulled from underneath it with plummeting lithium pricing and demand that hasn't met expectations, but the company itself has gone a long way towards playing its part in its demise.

What you have now is a tiny producing asset and two undeveloped assets that appear to be going nowhere in a hurry. You could be left with two half-baked projects, no money left in the bank and no road to either project being completed because there is no demand for the product because the incumbents are supplying enough to meet demand. This is a scenario not as far-fetched as you may think. Sure EVs are going to grow, but if growth doesn't live up to the hype, this could easily become a reality.

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You still haven’t understood what happens with disruptive growth - it leaves the forecasts in the dust and leaves the naysayers spinning around wondering what the hell just happened.
Look at all the examples in recent history.
Look at the investment and commitment by big companies and governments around the world.

“If growth doesn’t live up to the hype”
You have not given us any reason to believe your doubt. This is what I refer to (baba) when I say I expect views to be backed up.
No backup, no reference to any meaningful facts, just FUD. Could be this, could be that FUD FUD FUD.

You really oughta read AC’s post again and what he said specifically about your garbage.

Where have management brought us from as a company?
You wouldn’t know and wouldn’t care.

So much generalised FUD bs. Red flags? List them all, justify them. Be specific. Convince me to sell out because we are doomed. I really really want you to, but I suspect that you will fail miserably, because I don’t see anything with any substance that causes me any serious concern. I am looking too, real hard, to understand why we are doomed. C’mon, clarify it for us all, oh wise one.