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Fritz Thanks for a bit of sanity amongst the small brains who...

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13/09/18

22:09

Post #: 35589719
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Originally posted by FrantzFanon ↑

Regarding various theories about white ants and other pests...

It *does* happen now and then but for me the idea a director or CEO would trash their own reputation and future prospects by deliberately screwing over their own company remains too outlandish for me to embrace it with ease.

GXY has been vulnerable to shorters for a few reasons we have talked about before.

1) Persistent ignorance of lithium's long term prospects, caused largely by misinformation promoted by oil and coal interests - and by organisations who want to scoop up cheap lithium stocks. We now know this latter category includes the US government (and its commercial proxies), who have identified lithium as a strategic mineral resource.

2) GXY management's propensity to keep quiet. For example, from memory it was POSCO who did all the PR work when the deal was first announced.

GXY does not aggressively market itself to investors. Now for us that's a bit irritating, but the question is - why would they? Are they short of a dollar? Are they struggling to finance developments? Not at all. I would prefer a bit more assertiveness, but that's me.

So...

Shorters gonna short... for as long as they can. In the end, the price will rise as GXY progresses. I think a squeeze is likely, but it may also be a slower process. One way or another GXY's SP will eventually push towards its fair value - a value that will grow over the coming months and years.

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Fritz
Thanks for a bit of sanity amongst the small brains who seek acknowledgement on this thread!
Well done

GXY Price at posting: $2.52 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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