Closing at 29c is a yearly high, and I'm happy as - and you should be too, along with the other 30% of GXY traders. It means we are all in the Green!
But, the other 70% being insto's and BIG investment syndicates and traders are not (Yet)... Having lost plenty from $1-$2 tops, to 3c lows. And now is the opportunity for catch up and trading between institutions is evident, moving large volumes to a 10% profit, and giving the other trading house a go.
This BEAST has so much in deposits - that no one can value it. The only clear estimate is that everything is moving UP (lithium price).
Once they are in profit, the breaks will come off with low volume/high percentage moves.
GLTAH, and this trading scenario is what everyone is looking for... It's labeled 'blue sky' - this management has serious integrity and fight, and showing us the clear blue views! A little more patience IMO and we be knocking on 50... Real quick
Just give them a chance/time to recover and the BULLS will run.
GXY Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
