I can't really follow the rumours of the "Chinese Takeover" and even think that it may exist only on HotCopper. I could be wrong. In any event it was a nice move today - but I've been shocked at how low the stock has been trading even as the carbonate plant has almost been brought into production. It's a huge milestone for this company and yet in January 2011 it was trading at $1.81 - I know you can't fight the market - I'm just hoping that the whole world is mad and my accumulation of this share will make me a very wealthy man! If they can produce EV Plus grade lithium carbonate I can't image the price being below $1.81. I for one do not want this company to be taken over - I think it has a few years of stellar growth in it yet. It would be a travesty if it was sold to the Chinese on the cheap - especially if the price was manipulated to keep the market cap below $300M so that it is under the FIRB radar. As the Chinese say "May you live in interesting times"!!
Go GXY!
GXY Price at posting:
28.8¢ Sentiment: LT Buy Disclosure: Held