Well said. Holders blaming short sellers is so old now. When will they wake up and realise that the share price is an actual reflection of the underlying value of the business and not some artificial deflation?
The only way GXY will recover is if the price of lithium recovers by quite a bit. It's making chump change from Mt C at best at the moment and for the foreseeable future given it has no other operating assets and the value of all of its assets have plummeted over the last 12+ months in line with the price of the resource they dig out of the ground plummeting.
The announcement that they can't find a partner for SDV last week was verification of just how devalued SDV has become since POSCO bought a slice of it when lithium prices were much higher. Not one of 40 parties offered anything remotely close to what GXY thinks SDV is worth. That's a home run for short sellers whether holders like it or not.
GXY Price at posting:
$1.57 Sentiment: Hold Disclosure: Not Held
