SQM announced that the LCE may be 25% lower in the last qtr of 2019 than the previous qtr. Why GXY share price got hammer big time today as the 2019 or 2020 pricing got no material impact on GXY. Fundamentally nothing has changed for GXY - still working towards producing around 2022 and keep improving / reducing the production cost at MC and keep progressing James bay. And importantly has a lot of cash in hand Is this just the typical herd mentality by the masses including the like of Motley Fool.
GXY Price at posting:
$1.57 Sentiment: Buy Disclosure: Held