Originally posted by bfor3108
GXY high 4.54. Currently 2.23 x 2 = 4.46
PLS high 1.25. Currently 0.625 x 2 = 1.25
KDR high 2.48. Currently 1.07 x 2 = 2.14
Yeah I hear your frustration but those announcements don't seem to be doing much. All looks pretty similar to me, except GXY have no debt (PLS has plenty I think!? - correct me if wrong), KDRs last announcement was 'understanding' - who knows what the bigger picture is. GXY has pretty much "announced" that it has bidders in the pipeline for SDV which could be seen as an 'understanding'...I know it is not as official but really doesn't bother me much as I guess that understanding is little more than that.
GXY has no debt and money to spend and potential around the world. I'm not trying to talk PLS and KDR down...actually think I could've bought some of both instead of having all eggs in one basket so to speak. Time will reveal the foolishness or otherwise of this decision
Maybe the next announcement from PLS will be it! Maybe not. A lot of maybe. Cloak and dagger stuff going on I reckon. Best of luck to you and all lithium holders.
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A lot of maybe. Cloak and dagger stuff going on I reckon"
A lot of 'cloak and dagger stuff going on'
Indeed bfor3108, my own suspicions are that the Chinese may even be 'actively encouraging' downwards manipulation of their internal domestic Lithium market's pricing, in an effort to 'Spin' the 2019 maximum pricing expectations of Gweilo/Laowai 'external' Lithium companies during their current negotiations.
Lucky for us though, we have our own 'inscrutable' Mr. AT on the job, because I'm sure that he will be very well across just whatever little 'negotiating tricks' the Chinese buyers might be currently, trying on.
