Yes ,it is laughable that you got heap of cash and the market...

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sensible123

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30/06/19

15:47

Post #: 39308171
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Originally posted by whisky49: ↑

"How ironic that the worst performing ASX 200 stock got more than $300 m in the bank.Reflect badly on the BOD mismanagement and judgement."

Really!!...I would have thought having more than $300m in the Bank reflects very well the board and management during very tough times in the sector...it's how they use it going forward that matters and it will take years to see the results of that...IMO it's a wonderfull time to be sitting flush with cash and waiting for the fog to clear...

Anyone thinking new Management is suddenly going to change the current sentiment in the sector or make the price of Spod rocket , hence the shareprice , may be disappointed.
When sentiment in the sector does eventually change we may be the best performing share in the ASX 200 that year and have no cash left...it's very early days in the Lithium battery space.
Bear markets are tough and tend to trash valuations on all related Companies, the Lithium sector is currently in one..

Cheers Whisky

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Yes ,it is laughable that you got heap of cash and the market didn't appreciate its value
By all account it should reflect in the SP.
But it is NOT --- WHY.
Because the market don't have trust and confidence in the management FULL STOP.
As I said previously, hopefully this new kid on the block can change all that and we will head north from here.

GXY Price at posting: $1.23 Sentiment: Hold Disclosure: Held
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