I'm liking the fact the shorts have gone down so slowly while the price has gone up significantly. Low 0.90's to 1.10+ while only losing < 0.8% of the short position. With more positive news on all fronts any squeeze that happens should be massive and sudden.
Electric + recycling batteries WILL and has to be clean. Given a lot of the world has fossil fuels to power their grid is another problem and has to be solved regardless of EV and battery uptake, please don't say EV's are dirty because the grid is dirty at the moment. However, even without solar, wind, etc cars can tap into the off peak power that is often wasted or under utilized. Also, every car could be tapped into the grid to become part of the load sharing network. Imagine if every car park has a plug and it can identify your EV and is free because it will utilize your battery while parked. If low, it gets topped up... once topped up 10% is combined with all others for load shifting and topping up new cars that come in empty. At the end of the day you might be charged $10 for all day parking but get $6.70 credit for your load shifting utilization and leave with 92% charge. Car and charger will be be able to communicate and you can tell it how many km's etc you need so it may be able to utilize 50% and you get a surplus for parking all day because you live just 10km away.
Likewise, a vision of 3 charging outlets for a house that utilize the same concept. Every time you park you're part of the grid and get credits that help offset fees and road charges and grid peak load demands.
GXY Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
With more positive news on all fronts any squeeze that happens should be massive and sudden.
