My first post folks so please bear with me.
I’m a long time holder with lots of super in this stock.
I agree with all the positive sentiment- A company with brilliant assets and seemingly ,but most importantly competent,smart management .Investing in lithium is a no brainer and especially in a company that’s ahead of the pack with electric vehicles and energy storage about to explode onto the stage.
I think the shorters have brought the share price to where they want it at about the $1.30ish level.
Possibly someone - perhaps a large mining company or lithium user such as a battery maker,or even vehicle manufacturer has hired the shorters to keep the share price down- to keep it down for a long,long time so that retailers give up and sell at a loss and put it down to a bad choice. The retail holders will not want to hang on too long due to opportunity cost ie I’ve lost on this company but I might make it up now on this other company whose share price is rising.
If the shorts can keep this share price very low for a very long time
then when the takeover offer arrives - say about $2.00 per share
retail holders may be keen to sell with 50% price rise even if that means a loss ie better than $1.30 per share.
Of course ,this company is worth far more now and will be a very sought after company in the next few years.
I expect a takeover offer but not now.I feel that the the takeover company will keep the share price low for some time yet
I will keep holding and expect to be rewarded later.
Just my thoughts but investing is brutal ,the big boys are aware of the potential of GXY.
Not advice
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