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nexus451

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21/04/20

17:52

Post #: 44171753
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Originally posted by drg: ↑

still find it hard to believe GXY is top of the shorting leaderboard. Thought the easy money had been made here and would be time to move onto retail, travel, oil, or even casinos, which have been sitting targets since the whole virus situation. But hey lithium still seems to be flavour of the month on the yet again on short side. Haven't touched GXY since Feb, but looking at it again for signs of life to the upside. This low 70s range to low 80s range is the trading zone currently. The longer it stays trapped in this sideways pattern the more powerful the move should be up or down when it happens. As much as I feel GXY is a prime takeover target, nothing is going to happen on the M&A side in the current world climate regardless of the industry.

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The oil price crash will certainly not help the lithium cause in the near term. The company needs to keep executing on activties, with SDV the top priority and shipping. Unfortunately over the last 2+ years, there have been numerous missteps (slow sdv progress, A40 and Argentina $ hedge) that is really ramping up the pressure on the BOD and will magnify any further missteps. I’m not saying mistakes can’t happen but they need to be dealt with openly and learn from them.

GXY Price at posting: 74.5¢ Sentiment: Hold Disclosure: Held
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Chart, page-17626

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