Banter and General Comments, page-9471

Gxy was highest shorted stock, not now.
Case study
ING- 19.4% shorted, 10.6% div, sp 3.14, div 20c 100% fully franked. 84.5% top 20 share holders. An investor bought 9%, short can't get out, the tactic is to drop the SP and force people out. Sound familiar? Ausbli bought 9% in GXY, shorts are doing the same. The asx is a farce. SP has nothing to do with the company. Gxy minus cash is now valued less than an explorer. If gxy is the lowest cost producer, it will be the last remaining. Dmt is around 315/t. Current. If gxy total value is 180m, A40 is zero, all asset belong to gxy if the debt is not met.
Pls will get complicated. Min compete with pls, gangfeng and catl compete with posco. They are all major shareholders. Posco paid 94c for 4.5%, catl 9% for 30c. Oops.
Whats posco thinking? Did gangfeng not take delivery so catl could take a stake at 30c? Pls CR 60m us, gxy has 176m us. Joe and pay masters must really hate gxy for not giving them SDV, solution- attack the SP.
MtC has effectively double mine life. With catl investing in pls, SDV has become even more important. Lg, SK, Panasonic, where will they get supply in next 12-18 months? Pls in now Chinese.min and ajm are also Chinese owned. Korea, Japan, Europe and north America must look at gxy, no other options. Evs and energy storage will continue to grow. There're not enough mines. Not enough time. Sqm is selling technical grade, they had a flood beginning of year. Sqm And alb cannot increase production, no water. Converters are turning technical chemicals to battery grade, but theres not enough. Spod is needed.
Sp maybe cheap, don't over stretch. That becomes gambling. Oil must drop to 20 to complete against EVs. Every EV reduce oil demand. California and 13 cities require auto makers to have EV as 8% of total sales. Explorers cannot get funding to build.