I get it, you are annoyed that you opted for this stock in preference to others and at least one or more of the others you considered has done better. At the moment the market isn't liking lithium play's, except those in production with strong revenue, under takeover speculation or those exploring which are intercepting long intercepts. If you don't tick one of those 3 boxes, most likely the company's share price is down YTD.
There's been a bunch of money sucked away to other lithium projects in the last few weeks and that probably isn't helping because at best its potential money that could have found a home at GT1. At worst some of it has been found by selling GT1 shares. In case you aren't following, Core raised A$100m with another A$20m to go via a shareholder placement. AZS just went to the market for A$120m. BM8 is in a CR trading halt but the amount they are raising hasn't yet filtered out to HC. As you know BM8 has a similar Ontario explorer risk profile so some investors may be selling GT1 to raise cash for that offer. PLN (Pioneer) is in the processing of raising $5m to list and some of that may come from GT1 shareholders (Pioneer's main claim is a nearology play on Root). I'm sure there's others but you get the drift.
While it doesn't impact GT1's cash flow's, the declining Chinese lithium prices aren't helping sentiment towards lithium stocks and many have had large falls this year, some larger than GT1. IMO the sentiment is going to need to change at some stage because the amount of lithium 401 battery plants will need is huge. That's a huge pipeline of growth that will need a lot of lithium later this decade and into next decade.
You are incorrect that there has been no news because GT1 did have a news release on 7 Aug 2023 which was two weeks ago not five.
Extra liquidity isn't going to come from having the share register split across multiple countries, all that's going to do is add compliance costs in relation to the 2nd exchange and reduce trading volumes as some occur on one register and some occur on the other.
I really don't understand your logic behind suggesting changing the currency in which cash is held as a priority. Moving cash balances around between difference currencies isn't going to help the share price, but more being held in Non-AUD currencies will increase the likelihood of reporting FX losses.
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I get it, you are annoyed that you opted for this stock in...
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $13.30M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $3.3K | 117.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 301111 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 17759 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 301111 | 0.027 |
6 | 131229 | 0.026 |
3 | 255000 | 0.025 |
2 | 521000 | 0.024 |
2 | 105000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 17759 | 2 |
0.030 | 205082 | 2 |
0.031 | 173865 | 3 |
0.032 | 419408 | 3 |
0.034 | 470000 | 2 |
Last trade - 10.38am 31/07/2025 (20 minute delay) ? |
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GT1 (ASX) Chart |