With all due respects, I agreed that shorters and manipulators are part of the reasons why GXY is at 12 months low. But the lithium market as a whole has been smashed to bits, most lithium plays are at (or close to) their 12 months low, (SQM hits new low last night). It is the lack of confidence and uncertainties that killed the stocks.
For those who argued the management should not release this quarterly as it is poor and lacklustre, imagine the half yearly comes out and you’ll be saying they’re being dishonest for hiding these results.
SDV is coming to full production in 3-4 years, it is fully funded but until it is in production anything could happen really. SP can be $1.50 or $6, and we won’t really find out until they start rolling in cash (big one I hope).
Get a grip guys it’s either you believe in the investments you made or you don’t.
I sold 20% at open, maybe I will buy back at lower price, or be content with the other half I hold.
Dyor
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Ann: Quarterly Report - September 2018, page-78
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