This feels like ADV, when they initially announced they had lithium, I bought at 0.012, rose on announcement, then dropped back down to 0.010 and someone /something was keeping it at those levels for a week or two.Weak hands stared to sell out only to have it rise up to 0.04 which I now have sold out.
Currently, GBX feels like the same trick is being applied. Someone wants cheaper shares and trying to force the price down.
Once the WA tenants are approved, in 2-3 weeks (IMO), prices will be heading north especially how one of the tenant is in the Pilbara area.
I am holding until September when DD should be completed then make a call to continue holding or sell.
GBX Price at posting:
0.5¢ Sentiment: None Disclosure: Held
