Main points (generalising) are GXY has around 400m shares on issue and upto A$200m in Cash (+)
Now other stocks have upto 2 billion shares (Big,big (-)) on issue and upto $200m in debt. (-)
Theres still headwinds around for the Lithium sector and it could go on for another 6 mths (or more) if the Chinese want to manipulate this period of low lithium Li pricing.
As I said in the first line its a mess but it could get messier particularly for Aussie stocks.
Refer to main point, GXY 400m stocks on issue and cash upto 200m.
That keeps the Company above water far, far longer than the others but not the Share price in these times. Theres no way that GXY's share price can rise while overall the sector is in this mess atm Posters buying on the dips will need to have long pockets imo
Time to relax and see what unfolds as time is on GXY and GXY Holder's sides. imo
