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Facthunter

10,888 Posts.

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16/10/18

13:59

Post #: 36140505
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Originally posted by FrantzFanon ↑

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?

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Those guys plan on owning this and theyre not going to pay top dollar for something they can steal.

GXY Price at posting: $2.35 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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