just saying there is a healthy spread of major investors in GXY not to mention the lithium one board members.
Luto i believe all the panic is over whether mt caitlin is a profitable mine or not.
The merger is now looking like a good idea to source cheaper product.
Another way to look at the mine being unprofitable for raw material but profitable for premium material for example: a logging company cant make a profit selling wood chips so the board decide to build a plant to manufacture the same source of wood into high grade planks. This then creates a premium product turning the company into profit.
But at the end of the day we need a profitable company. SP is very painful indeed im not trying to be a blind optimist just think the panic will blow over.
GXY Price at posting:
14.8¢ Sentiment: LT Buy Disclosure: Held
