Look this way current cash is 53- 55 cents a share so we are paying ~ 35 cents a share for Mount Cat, SDV, James Bay, LPD stock and inventories
Additionally GXY continues to have mining rights including Gold tenement via GMM
Last year we sold a part of SDV for more than current market cap..
No Debt
essentially at current SP- the company is pretty much free ..
remember only few years back we had seen a similar lithium downturn with a huge debt..
hence no long term holder is selling.. we know exactly what happens when the price curve turns ..
offcourse the shorters are playing with someone else money and they will continue to push because they earn as a percentage of perceived profit rather than actual , and in worst case scenario they loose someone else money.
GXY Price at posting:
88.5¢ Sentiment: Hold Disclosure: Held
