We'll from memory there is stock sitting in Cattlin waiting to...

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Thesi

8,739 Posts.

2622

07/01/16

19:36

Post #: 16751446
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Originally posted by denisd ↑

I read the the strings on shares like this with amusement ....I traded GXY some years ago as a penny stock when they were no where near the state of production or sales they are at today ...

With the hype at the time on ANYTHING minerals they went close to 80c ...

Then the last year saw the decline in minerals and these guys almost bit the dust..down to 2 c .BUT for the timely sale out of China and the JV with GMM...AND reduction in debt ( very very important)

When you buy this stock (just like the milk stocks) you are buying THEME ...the theme is
spodumene ( end product lithium ) is a mineral of the future ....ELECTRIC CARS..

The fundamentals are in place ....onward sales at 100% via Mitsubishi ( car Manufacturer)

When is shipments starting ? only a few months away ....so is it going to happen ..YES !!

So lets not speculate how high the price will go and so on....believe the story , buy the stock and then put your risk management in place .....

I think that should be the game plan ....

What u think ??

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We'll from memory there is stock sitting in Cattlin waiting to export so that announcement could come at anytime.

It's good to see someone coming back. It's been a tough stock no doubt.

What are your thoughts of the change in management from Iggy to Tse?

Last edited by Thesi: 07/01/16

GXY Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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