Please stop being that guy in traffic who beeps and beeps when there is nothing those in front can do about it.
I would call myself a cynic but sometimes that is the most ‘hopeful’ way to be. It’s chopped off head chicken fear that is the real bumbling clutz, so holders, please, keep it together and stop doing the work of the bashers on here.
Maybe management can’t do much either. Maybe there are forces with trillions of dollars and colossal nation states behind the games that we are seeing being carried out...maybe. Maybe it’s a perfect storm that is just a little too perfect. Actually at the moment I am more concerned for the retail players who are trying to figure out a way to short GXY. They are the ones that are truely playing with fire. I have a big loss (big for me anyway) but can keep buying small parcels down and holding for years.
Against such nefarious shorting forces management can do squat and compared to other spod miners are doing a stellar job.
Take a breath and consider the position of A40 holders, the mountains of debt and the China communist party member on the board over at PLS, not to mention the mountains of debt of most other small lithium start-ups.
[On a side note is anyone else stunned with amazement to see PRC (People’s Republic of China) heading on PLS last announcement!? Wowee...seems like a lot of smoke to me...of course I don’t know, all is speculation]. For a little light entertainment and to understand the state of the world’s relationship to China from the best, people might enjoy watching:
South Park - Band in China (S23E02). I found it for free online, Germany South Park website. Not sure about Australia. It is very funny!
If I was taking aim at the Australian spod mining industry and all those others looked like cooked ducks or already controlled or partially controlled by the ‘motherland’ then I’d be shorting GXY too.
To all you holders: Why give the fear mongers more fuel for their fire? I feel for your loss but we’re all in the same boat. Blind anger ain’t going to increase the SP. Better to say nothing and just not buy. There are already those interested in seeing this go lower to do all the down ramping.
Yep, I’m losing money on paper and if this turns... in the meantime I keep buying, down every 15c or so. Yep might be foolish but I don’t have any info other than ‘short-term oversupply’ to back up this theory of foolishness. Oh and a lot of noise about a falling SP but not the same figures that I see coming from analysts like Benchmark who can’t account for where future demand will come from. Unless I somehow I loose it all before this comes true or it doesn’t come true at all (this is the risk) then I will be in the box seat while everyone scrambles again to get these shares again.
