I was a KDR holder for the longest time and was disappointed...

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NewLogic

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19/07/19

15:36

Post #: 39603802
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Originally posted by acwbagnall: ↑

Bizarre isn't it? The forward outlook for this stock is about as good as you could possibly hope for in a mining stock. Pretty much no one is arguing against the fact that there is going to be substantial deficit in supply vs demand by the 2025 horizon, and some analysts are suggesting battery grade product will be in a shortfall within 12 months. And here is GXY with one of the lowest cost basis in the world, cashflow positive at even todays low prices, hundreds of millions of $ in the bank and all the development projects in the pipeline it needs for most investors lifetimes.
If I was to run a screen over mining stocks in the ASX to select one I'd like to take a short position on this would most certainly not be near the top of the list, yet the big boys in town seem to feel differently.
9 months ago you can't argue shorting lithium stocks was a smart move for short term traders chasing a profit - but now? And GXY with all the positive announcements queuing up over the next 6 months backed by a tailwind of exponential growth in demand for their product for the next decade and beyond?
If this goes the same way as KDR and gets taken out for a paltry 40% 'premium' to a manipulated SP I won't be happy.

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I was a KDR holder for the longest time and was disappointed with $1.90 even though I was very much in the green. So much potential in the 3 to 5 year time frame being sold in a suppressed market. I have moved my Lithium exposure over to GXY don't jinx me on 2 for 2 hahaha

Last edited by NewLogic: 19/07/19

GXY Price at posting: $1.34 Sentiment: Hold Disclosure: Held
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0 Great analysis

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