Interesting that you should compare ORE and GXY today. GXY announced a delay and 36% budget blow-out on commissioning of their lithium carbonate plant yet their SP fell by less than ours. This was surprising and prompted me to look at our SP movements before significant announcements this year. The clear trend has been for the SP to weaken into an announcement and then bounce.
Of course there are no guarantees that this will repeat next week. But the exercise did give me confidence that ORE management run a tight ship.
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Interesting that you should compare ORE and GXY today. GXY...
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