Happy with how gxy has been managed during difficult times. Just not happy with the share price. Only another 83.5 cents to go and I will be put out of my misery I guess. I haven't done as badly as Anthony Tse though, with 6 and a half million shares his personal wealth has surely taken a hit. Lucky he is making a good wage.
Were we right to have upgraded MC to be low cost considering how low the spod price has gone? You bet. Are we right to be down scaling operations due to low prices? Absolutely. I think it took our mates in the uranium business a decade to figure out its not much fun working for peanuts. Will we be able to negotiate a better 30 year deal at SDV for new techniques to extract lithium, compared to 2 years ago? You would think so. At this point I'm so glad we haven't signed a long term deal where we are working out guts out at SDV to be giving it away. Think I will put em in the bottom draw for a couple of years.
GXY Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held
