These are just words on a screen and won't make much difference.
Somethings you may like to consider. Retailers are less than 18% of total shareholders. Some days shorts are over 50% of daily trade, this means institutions are buying and shorting against themselves, retailers are getting caught in between. Institutions can't all be winners. We also know some investment companies have invested at a price higher than many lithium companies are sitting at the moment. They were not stupid when they invested paying at a higher price. Many have entered and increased their holdings, they know the EVs and Energy storage future is coming. World production will need to increase by 50-100% in the next 14 months 2020. This is not possible. Companies that have supply will stay in business and flourish, those that don't wil struggle. It is also possible shorts are fighting to get out but really can't because they are the ones selling, retailers are not enough to cover. The more desperate, the more aggressive they become beyond any logic.
We know the intrinsic value is alot higher. One percent of units are just over $8mil currently. The cash from production in the bank can buy 5% easily and shorts would have no breathing space, but than financially we be struggling like other miners.
A home owner with cash in the bank is alot stronger financially, than one with a mortgage.
Galaxy is funding itself without debt, not many can do that. The problem is, its valued less than all the assets combined.
The idea that its a long-term hold, so short-term doesn't matter is false. Many wouldn't be watching otherwise.
If you currently don't have shares, anything below 3 is very good value. Buying shares is buying part of a company, the price is what you pay. What you sell for is your return. The institutions can see the value, like you, they like to buy cheap also. When you sell they get it. OZ miners take three years to build, retailers buy and sell before the construction truck is even loaded. You are buying a business not shareprice, the rich investors are usually old because it took along time to get there. "Nine women can't make a baby in one month." And they have many mode swings.
GXY Price at posting:
$2.20 Sentiment: Buy Disclosure: Held
