If you look at the percentage drop of each Lithium company from...

First 80 Last

Share
Profile

Follow
Subs

4,845 Posts.

1558

15/02/19

10:28

Post #: 37446561
Share

Originally posted by Ozyoioi ↑

My observations:

* You raise a very good point about taking the silent approach
* The results suggest that pretty much every Lithium supplier has taken a similar haircut
* GXY's has been a little worse though (regularly making new lows at this point), mainly because of the wait for SdV North funds + decision making on JV + delays with Yield optimisation. In this regards, more commentary from management may arguably have been helpful. By way of example, PLS, KDR etc are no longer making lower lows and are somewhat higher than their lows vs GXY.

* In some ways though, this is a double edged sword. And somewhat comforting - GXY clearly do not need to raise funds at the moment, otherwise there would be spruiking of the stock such as with PLS, AJM, KDR etc.

Fascinating times and no doubt we will all look back in late 2019 with fresh eyes.

Expand

If you look at the percentage drop of each Lithium company from the high we haven't actually done too bad comparatively. Especially considering WE have been shorted to a much greater extent than any other on the ASX.

But you have to remember that the best news for us is YET TO BE ANNOUNCED. And how many Lithium's can claim the same?

Lots to announce. Lots of shorts still to close. Bring on the Lithium wind change - with almost every Lithium company having trouble getting to their forecasted production numbers, that shouldn't be too far away imo.

Sure, it might not happen right now, today, tomorrow or next week... but I am ok with that.

GXY Price at posting: $2.03 Sentiment: Buy Disclosure: Held
15 Upvote

0 Great analysis

Reply