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GARETH78

7,999 Posts.

2842

10/10/19

12:36

Post #: 40813398
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Originally posted by jojosydney: ↑

Hi Yanlin
I totally agree with you its something I have never seen either and never expected this down selling going on for such a long time disregarding fundamentals like Cash in the bank and ongoing selling of spod as we speak.
Is this a take-over attempt for the lowest price possible?

Or is this a short that has gone the wrong way and now they just keep shorting it?
It has to stop somewhere the millions in the bank are now getting cheaper and it becomes like a bank robbery in front of every ones eyes.
The company will need to do something soon but probably wants the A40 outcome to settle first.
Or very soon now we can see the shorts to cover and push us right up above the $1 mark.
But in the meantime it does hurt watching this criminal shorting for sure.

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The asset writedowns and and overall sp action while negative does make a doca proposal for A40 hard for anyone without cash in the Li sector to carry out.

GXY Price at posting: 91.5¢ Sentiment: Hold Disclosure: Held
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