I think Bunnings' thinks that its hardware stores can sell generic lithium car battery for $4500 a pop in the future. The cost of a new EV car battery is more than that of an old petrol car. GXY is sill unloved! But I feel that a near term bottom is being formed. The ones who buy in now will be rewarded. But for the ones who are underwater in this stock, it will take a while. There was time when it went for months with GXY share price was around 10c! It was long ago but this was way after it was near $1. So, the extreme volatility is expected over the years, not over weeks and months. Long term holders can probably rest easy unless they are close to their own funerals.
GXY Price at posting:
$1.50 Sentiment: Hold Disclosure: Held