Been watching every post on this forum since december. It's quite hard to give the resident bulls any credibility when I have been watching them being wrong for so long. The stock has apparently been "cheap" and a "bargain" from 2.7$ all the way down. I am surprised some of them aren't in the top20 holders considering they claim topping up every second week. And the oversupply has been touted a "myth" even though spodumene production was growing 50% a year in the last 2 years while demand for lithium was growing only at a 20% CAGR.
Commodity cycles are at least year-sized. I'll wait for a clear reversal before jumping back in. Not just a 10-20% dead cat bounce, thank you.
GXY Price at posting:
$1.14 Sentiment: None Disclosure: Not Held
