"given the power of short-sellers and their 'bots' these days, who knows when the share price will stabilise. "
If it is short-sellers for once I wouldn't mind a trading halt... until we have good news.
Halting Mt Catlin surprised me at first but I realise now its good news..
1 - Much better to have stockpile than an expensive battery plant that is halted because of lack of spodumene! Imagine the cash burn of an idle plant where you need to keep the workers. 2 - Decreased cash burn 3 - Reserves are preserved for higher product instead of selling spodumene to competitors 4 - Not selling helps support the spodumene price hence the value of gxy assets
Of course there may be something we don't know...
GXY Price at posting:
15.8¢ Sentiment: LT Buy Disclosure: Held