hey @colinchi
This is a BS comparison. And you should know it because you were very active on the LYC thread. LYCs demise was multifactorial (China control 90% rare earth market, China-sponsored and organised opposition to LYC plant in Malaysia, etc). When LYC peaked at 2.50 they were still years away from selling any product and sorting out their piping problems (not like GXY making 70-80Mil pa). LYC's wealth destruction was largely caused by having a banker as former CEO and the finance deals that he struck to build the plant. You know how many CRs they did. Again, GXY is polar opposite to that. No debt and plenty of cash.
Your argumentation is flawed again.
- Forums
- ASX - By Stock
- short and distort
hey @colinchi This is a BS comparison. And you should know it...
-
-
- There are more pages in this discussion • 154 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online