The last hurrah for short sellers has been predicted endlessly on this forum. Perhaps holders are the ones "disconnected"? To me, I still don't see value at $600m given both macro and company-level events. Lithium pricing has tanked and continues to tank and SDV is still the best part of a decade away from producing, if it ever does, IMO. The company seems more focused spending money divesting itself into other companies, which is a red flag in itself. Sure Mt C is profitable and spod pricing would need to drop a fair amount more for it to be unprofitable assuming a cost base of less than US$400, however, the multiple it's trading on is still in the sky given there won't be any other income streams for the foreseeable future.
GXY Price at posting:
$1.46 Sentiment: Hold Disclosure: Not Held
