Definitely not off topic as it does relate to AGO through it's...

Definitely not off topic as it does relate to AGO through it's PLS joint venture, and I expect that AGO will push further down the lithium road in the future.

My take on why PLS dropped is the old adage 'buy on rumour, sell on news' with the PLS bond financing news confirmed Tuesday, hence the sell-down. See:

https://hotcopper.com.au/threads/pi...o-fund-lithium-mine.3480645/?post_id=25235298

The GXY situation is way more complicated: first a CR, then a consolidation, massive shorting attack, and yesterday news about MIN ramping up lithium exports as DSO (direct shipping ore) to China, and involvement by Deutsche Bank. See:

https://hotcopper.com.au/threads/gxy-chart.3464796/page-73?post_id=25273749

and

https://hotcopper.com.au/threads/gxy-chart.3464796/page-78?post_id=25274139

and airconditioner's lengthy response to the news where he argues that DSO is not economically viable (or less viable than shipping refined ore so isn't a threat to GXY):

https://hotcopper.com.au/threads/deutsche-bank-dso.3485535/?post_id=25277814

Also, there's speculation that all lithium stocks are down because of Trump pulling out of Paris, leading to general sentiment that alternative energies are not so favourable ATM (which IMHO isn't true), but more likely due to the fact that the overall market, and especially resources, is in 'sell in May and go away' and EOFY mode.

Cheers, GW