Hi Trentwilliam, your comments are not far fetched and are close to the mark.
Superannuation funds and index funds all have investments in oil companies and want a controlled unravelling of what has been a good investment for them for last 100 years. If the tide turns to quickly they will not have time to reduce the impending risk.
Read up on the Norway Sovereign fund and how it has been divesting all oil investments and the protests from the investment community.
As the EV revolution gathers pace it will be interesting to see who is left for the last chair when the music stops.
Add to this big coal with politicians in their back pockets and it is easy to explain the shorters activities and their sponsors in the lithium space.
People like Elon Musk are bringing these (EV) lithium doubters kicking and screaming into the reality light and they are getting sun burnt. Facts will beat crap peddlers like a tsunami and they had better be out of the way.
Keep the faith and reap the rewards in the future.
Regards, Tinman9.
DYOR, GLTAH, etc, etc.
GXY Price at posting:
$3.25 Sentiment: Buy Disclosure: Held
