Not long ago the SP was battered down to $2.36, then in a relatively short time went up to $2.88 - and there was no news or anything else pushing it up.
Here we are at $2.38 again, slowly creeping up after the Dow Jones-inspired sh!tshow last week.
What can we do? Encourage people in invest. Post positive articles about lithium & GXY on social media. Talk to friends.
Ausbil holds 9% of GXY. BlackRock (combined) has 5.66%. Global X holds 3%. These groups aren't mugs - they know what they are doing. Did they sell at $3.60 when the POSCO deal was first announced and buy back in later? I don't think so. They were content to hold.
But - why don't they expand their holdings? What is holding them back? Now seems like a prime time for the instos to buy up big.
Is global uncertainty holding them back?
GXY Price at posting:
$2.37 Sentiment: Buy Disclosure: Held
