It is pretty disturbing that GXY is so heavily shorted at $1.09. How low can a company without debt and with a small but steady revenue stream go?
There is nothing to indicate the company will go bust. It is, however, definitely vulnerable to a take over at this stock price. Could be that the vultures are waiting for the SP to sink even more.
I can imagine the next 12 months won't see any stock price miracles, but it *should* see progress on SDV and James Bay.
Some seem to be acting like the company is operating at a loss. They just need to keep their head above water until the tide turns, if you can forgive the aquatic metaphors.
Ultimately as VW and others get their EV plans up and running, China will chew through its stockpiles and need to buy again - and buy big.
Like I've said before, I don't expect any miracles, but GXY should be able to survive until the green salad days return.
Chart, page-14019
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