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Yes might be big oil. Might even be the Saudies. IMO more likely...

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jimmycro

295 Posts.

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19/10/18

14:38

Post #: 36188757
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Originally posted by AOF ↑

Originally posted by jimmycro
Of course they are interested! Somebody or something has to be behind the relentless shorting of GXY.
Morgan Stankley are doing it but on behalf of who??

jimmycro said, "Morgan Stankley are doing it but on behalf of who??"

Gee, Hmmmm, Let's see now...? Who stands to ..lose..BIG-TIME.. from a ..rapid.. global consumer uptake of Lithium powered ..EVERYTHINGS..???

Gee, that's a really hard one to answer here, jimmy, because I reckon I'd need the total space occupied by the complete set of pages of the Sydney telephone directory, to give you a 'definitive list' of just who stands to lose, globally, by that, happening.

So I guess the ..short.. answer, (pun intended ) would be, to just take your pick from a list of names as long as the Sydney phone book...!

Ohhhh, and to just give you some wee little idea, of just how ..ruthless.. some of these players are, did you perchance happen to read today's news reports of how they now have the confirmed audio recording of the journalist Jamal Khashoggi actually being ..butchered-alive.. inside the walls of Saudi Embassy in Turkey, because, he had the temerity to ..'criticize'.. the 'latest' Saudi DICTATOR Crown Prince Mohammed bin Salman, and how, Th Donald, who started out a day or so ago by saying that if this was the case, then "the Saudis would be punished" has now, suddenly, mysteriously, had a "conversion on the road to Riyadh" and is now telling anyone who's still interested in listening to him, that "criticism of Saudi Arabia is a case of 'guilty until proven innocent'." something that he's obviously, personally very familiar with, of course.

Hmmmm, how do those couple of old sayings go again..?? Ohhhh yes, that's right, "Absolute power corrupts, absolutely." and "The love of money, is the root of all evil."

Don't underestimate it jimmy. 'Powerful Forces' are indeed at work, when it comes to the treatment being dished out to whole global Lithium sector, and of course, our own little Galaxy.

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Yes might be big oil. Might even be the Saudies. IMO more likely acting for big miner in GXY's case.
The whole shorting thing stinks. The idea that the deliberate destruction of value is allowed on exchanges is mad and they are getting very good at it! I used to invest using the Macquarie platform which allowed shorting but not on themselves. Funny about that.
Very unlikely but hope Elon Musk can get in the ear of Donald Trump re. the damage that shorters are doing to his business. Trump is the only person in the world with the power and guts to stop this practice.

GXY Price at posting: $2.38 Sentiment: Buy Disclosure: Held
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