I encourage holders to thumb up this post by
@bobsacramento.
https://hotcopper.com.au/posts/26350890/single
And this post by
@Kingslayerrex:
https://hotcopper.com.au/posts/26349300/single
There is a lot to like in there.
If one car manufacturer said only 10 companies met their criteria IMO GXY should be in the mix.
1) Sales from Mount Cattlin have proven to be "battery grade" from images of converted compounds made from early concentrate.
2) MC reports show a trend increase in both purity of concentrate and volume.
3) GXY has at worst one of the highest market caps for Australian lithium producers and at best the highest market cap for Australian lithium producers.
Side note: the $2.00 support was tested yesterday afternoon and appeared to be confirmed after large volumes of sales were not triggered as the price fell towards $1.98 and closed at $2.00
4) If MC product is good enough, James Bay offering nearly 100m of 1.6% from the surface. Repeat
from the surface should grab their attention I would think.
Sentiment is hold for traders, hold for nervous longs, buy for confident longs and buy for watchers.