GXY galaxy resources limited

Lithium - Challenge Your Investments., page-9

  1. 606 Posts.
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    The volume has increased but the outstanding shorts proportionally hasn't. This is a short cover to avoid a squeeze. The signal of a cover is usually when certain posters scream sell. All shorted stock with sound fundamentals like GXY will always go back to the intrinsic value. Currently $400×14000t×12months=$167mil profit per year and rising. The instos holding GXY will defend this, question is when will they act. Also, the company need to be more vocal. Its comical when demand is rising and facing shortage, yet the supplier is pushed down.
    If the ICE is phased out and only ten suppliers to remain. Without companies like GXY in production we are all going to be walking in future, this includes those shorting. When petrol refinery in Singapore stop, Australia petrol cars will also. Better start supporting an industry that is going to save your AR$E.
 
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