I remember when GXY hit $1.55.
At that point I was sitting on a loss of more than $16,000. As you can imagine, I wasn't particularly happy about it. I'm not a big shot or high roller. Throwing away $16,000 is no joke for me.
But I kept my head. I had planned to sell on the day the December 2017 quarterly report was published and invest in property, not because I didn't have faith in the long term prospects of GXY, but because I thought the time was right to buy property in my town. Those who would know the history would know this plan meant I missed the spike to $4.54 by about two days. Perhaps that is something I will laugh about in the future!
So now some of you who are reading this are in the red. I know what it is like. It's not helpful to read the snarky comments and the trolling on this forum: The gleeful claims that we are hurtling towards $2 and other baseless pronouncements.
If you'd like to read something useful, have a look at the figures for EV sales worldwide this year. They grow at an astonishing rate and it is ACCELERATING.
Or have a look here:
https://www.asx.com.au/asxpdf/20180830/pdf/43xv9ktxk3n67p.pdf
Profit up 331%.
That is revenue up 682% and profit up 331% from ONE operating mine. And here are the other two projects:
SDV:
https://www.gxy.com/projects/sal-de-vida
"Sal de Vida has the potential to generate total annual revenues in the region of US$354 million and operating cash flow before interest and tax of US$273 million per annum at full production rates."
JB:
https://www.gxy.com/projects/james-bay1
"The James Bay lithium pegmatite Project in Quebec, Canada contains Indicated Resources of 40.3 million tonnes grading at 1.4% Li2O... Geological investigations to date reveal that the pegmatite dykes at James Bay are almost always spodumene-bearing."
Then have a look at the difficulties into which our friends in Chile are running. Have a look at Morgan Stanley's strategic retreat from their oversupply claims. Have a look at SQM deflating from a terrifying dragon into a middling lizard.
Top up if you can. Likely we have one more month of this opportunity. Perhaps two.
