Sector weakness, page-2

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Dancing

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14/08/18

00:40

Post #: 34912701
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Originally posted by PianoMan82 ↑

If we look over the fence at the likes of KDR and ORE, who have been absolutely smashed over the last month or so (KDR especially - I know bcos I'm a current holder), we are surely at risk of catching the same cold. I mean, down ~30% from 60 day highs is actually pretty good going compared to other producers. I mean not to scare, but to caution, I hope I'm wrong, and perhaps the imminent POSCO announcement is keeping a more stable floor, but I worry GXY may see some deeper downside to come. Hope im wrong, bcos I'm a holder and believe me, my portfolio is looking pretty sick at the moment, so really hope all the fortune tellers on here over the next few weeks can see more green days than red, unlike the broader sector. Sentiment for Li is well and truly on the nose, which is probably a good thing for the longer term but short term?

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Do we have cash? Yes.
Do we have debt? No.
Are we producing? Yes.
Will we get more cash from the sale of tenements to POSCO? Yes.
Will we have in place an offtake agreement by the end of the year? Yes.

Fuggetaboutit!...

Last edited by Dancing: 14/08/18

GXY Price at posting: $2.67 Sentiment: Buy Disclosure: Held
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Sector weakness, page-2

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