I expect we'll bottom out shortly and I'm flipping back to a buy.
Reasons: - Milei is proving good for Argentina. Inflation is dropping and he's making good on some of his desired reforms - BHP Filo acquisition is a vote of confidence for Argentina. More will follow in due course. - Export licence will be issued in due course - Supply destruction in lithium starting to appear. Demand for EV's still exponential, even with PHEV growing. - Our market cap is now 17% of what Posco bought Galaxy's Hombre Muerto Northern tenements for in 2018 (undeveloped, earlier stage, in a declining price environment). - Directors following their money down. Conviction is clearly there, even if they had drunk their own Kool Aid. - Appointed a CFO. Starting to realise the error of their ways (a frank admission with lessons learned would be nice to hear from JP)
GLN Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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