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surfarosa

2,765 Posts.

513

15/06/17

17:15

Post #: 25299882
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Originally posted by cordingup ↑

Well often their is reason unknown to the small holders, you may recall the market cap got to $1.3 billion when she share price in the high 60s pre consolidation. Then a gradual decline started down down we went and then a CR was announced the shares have never recovered.
When a CR is planned you have to talk to brokers funds major holders etc long before it happens and i hope this is not the reason for some big exits and the ever decreasing share price.It seems something is wrong when the lithium price and demand is going north GXY is going south. They say nothing about the big major that will be needed to do Sal de vida and everyones getting the message from whats being said that they plan to do this alone?
By the time Sal De vida produces anything there will be another 50 producers in the game, every other day another lithium deposit pops up.
The time is NOW and gxy has the great advantage of being in production and able to cash in on the demand and prices while the goings good. Increasing production at Mt Cattlin would make more sense. We all all know these prices wont last. Big ones like RIO are looking at getting involved but the market is still small 300,000 TPA compare with copper 26 million TPA.

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"By the time Sal De vida produces anything there will be another 50 producers in the game"

Big call there mate.

Zero chance.

GXY Price at posting: $1.55 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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