The reason the stock market works is because 80% of retail lose money. They look at SP instead of Market cap. They look at charts instead of assets. The dow Jones is higher now than 50 years ago coz the assets and earnings are higher in value.
A40 cannot stop. The converters need supply, their customers need supply, the retailers(you) need your toys. The management gets changed, not the business. Creditors make money from interest on loans not putting them out of business.
Ajm converters will protect the business, the directors have supported the business, the assets are worth 40 years of production. They have to make it profitable. Pls need cash, why are gangfeng not taking production here but are from Min? They want control. Half of pls earnings are dependent on gangfeng taking production, stages 2&3 are dependent on cash from stage1 and mine sale. Gangfeng is a bidder, so obvious.
At Galaxy- Go play on the freeway. The SP is the only thing they can attack. The cash banked is almost equal to SP, the assets are more than 4x. Gxy and their converter customers are a threat to market share. Recession will not stop technology, it will accelerate due to cost savings. The lower the ARS, the more support gxy will get from Argentina. Canada and US willl support JB. Shorts are not in control, retail holders have increased and large volumes( institutions) are buying. HC muppets are over reacting as always. Its not battery, its energy storage and mobility, it can't be stopped. Fossil fuel has a cost, the sun is free. Big oil cannot block the sun nor stop the wind. Renewable grow not because of environment but because its cheaper. Technology improve every six months, the change to e mobility will be less than 5 years. Its here already.
