My thoughts exactly. If there is one stock that can weather this...

First 301 Last

Share
Profile

Follow
acwbagnall

1,834 Posts.

1457

19/07/19

16:24

Post #: 39605065
Share

Originally posted by Meenarow: ↑

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

Expand

My thoughts exactly.
If there is one stock that can weather this lower price environment until the demand hits it is GXY. Yet it is the most shorted of them all.
A fantastic quarterly announcement comes out and you would logically expect shorts to start exiting but instead they double down.
Meanwhile the recent corporate presentation includes a nice slide comparing GXY's assets and market cap against its peers, and labels itself as being a "premium lithium opportunity" in bold font...
Almost feels like we are up for sale?

GXY Price at posting: $1.33 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply