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I wouldn't be at all surprised if the ASX issues a "Please...

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Wary1

2,474 Posts.

1658

26/06/19

17:19

Post #: 39252259
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Originally posted by Ozyoioi: ↑

The shipment from berth 3 is MIN, not GXY.

GXY use Berth 2, MIN use Berth 3. Different loading facilities as well.

Also for the LT holder, beware.
Based on past experience, the BOD can taketh away what they giveth!

I would not be surprised by an ANN late on Friday (last trading day in June) that shipment quantity will not meet previous guidance due to spodumene processing capacity limitations in China (technically this was already hidden in the fine print in the AGM presentation as well).

And don't be surprised to see another sharp dip down to the $1.10's when BOD become fully transparent that they are producing product for which there is currently not enough demand.

The fact that GXY is continually making new lows means the smart money already knows the news is not going to be good in the short term.

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I wouldn't be at all surprised if the ASX issues a "Please Explain" letter before the end of the week.

GXY Price at posting: $1.27 Sentiment: Buy Disclosure: Held
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