I would like to remind everyone of Galaxy Resources, GXY. They are a lithium mine producer in 3 continents.
GXY went through a restructure and the sp tanked to sub 20c. Then market sentiment changed and the sp rose to $4.10 - $4.20 range. Shorters attacked it and other lithium producers over a 2 year period. The sp tanked to 60c. I will let someone work out the percentage loss from the high. Everyone called for the CEO and Chairman head. The Chairman and son stayed but CEO was replaced, and has been replaced again I think.
The shorters stopped attacking the lithium sector and the sp rose again. GXY was bought out by ORE. The sp is around the $10 mark now.
All this happened from 2016 to 2021.
Similar story here. The whole sector has been attacked/dumped, not just CRO/SPX. Just have a look at the ORE threads. There is the usual bitching but most are happy.
The market sentiment will change for the whole sector again in the near future but nobody here or within the company can change it. Mr Market can be a bitch like that.
Just like GXY, when sentiment changes, I will be watching and waiting and buy more.
xxxooo
I would like to remind everyone of Galaxy Resources, GXY. They...
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