Now we have the downrampers and panic merchants talking about the amount of work that is going into getting the ore. Oh there's a lot of waste, they say.
A company had to spend more on production and as a result... made $20,000,000 in profit in three months? Jesus wept. I wish I had a business of my own that was "struggling" so much.
Once again:
- GXY has one out of three assets producing and made $20,000,000 profit - PROFIT - in three months.
- The demand for lithium for electric vehicles during those three months was a drop in the ocean compared to what the demand will be in just two or three years.
- The demand for lithium for home battery storage during those three months was *less* than a drop in the ocean compared to what it will be in two or three years.
$20 million profit in a quarter is just the beginning.
The suggestion that SDV won't be viable is either a deliberate lie or the product of a diseased imagination.
The SP is having a bad week, but the company isn't - and that's what needs to be remembered here.
GXY Price at posting:
$2.87 Sentiment: Buy Disclosure: Held