Please go and piss against the wind and make sure you don't wet your pants. This is a turn around moment for GXY, new CEO with operation experience and know how, fresh start at the bottom of the lithium cycles. Can only go up from here - few "expanded convertors" coming online this qtr, many battery megafactories coming online will be crying out for lithium in 2020/2021, China /USA trade spat should be settled by year end and investment will soar in both USA and China thereby massive demand for battery materials. Stringent emissions standard will be imposed in Europe by 2020 that means more EV on the road and more demand. Grid storage will be more popular in renewable energy space and more demand. With the current depressed lithium sector not many lithium mines that slated for production by the like of UBS, Morgan Stanley won't get off the ground due to lack of funding only means better days ahead for those already or close to production. A weakening aussie $ also in GXY favour. A lot of positives for lithium sector in coming months / years.
GXY Price at posting:
$1.23 Sentiment: Hold Disclosure: Held
