GS was out by a colossal 100kt LCE in its 2022 prediction where they claimed oversupply.
If they get the short-term balance so wrong, I don't see why their long-term predictions are going to be any better.
We could also go into the potentially nefarious reasons why GS often makes these calls but all I'll say there is that GS does things only to profit GS.
I agree, far more reliable industry experts out there that are likely closer to the truth without a history of being fined for market manipulation.
General Discussion Banter GLN, page-10105
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $77.48M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $45.37K | 336.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 246643 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 514819 | 12 |
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| GLN (ASX) Chart |