im doing well on GXY & ORE,
PROS;
- Strong Balance sheet
- Does not get shorted, probably because it would be super risky for instos
- Future guaranteed with the world going with green energy
- Biden announcement to go carbon neutral by 2040/50 or something like that
- Ford USA announced two nights ago that its vehicles will be 40% EV by 2030
- ORE & GXY are merging, to be finalised in late August, making them the worlds 5th biggest lithium producer
RISKS;
- If the merger does not go ahead for some reason
- If people say nah to Green energy
- If something happens to the mines
*** if anyone is thinking of buying the stocks are currently in a cyclical uptrend with about 10% - 20% to go, so i would suggest you wait for it to drop 10%-15% from its next high before entering.
*** i am expecting big things once the merger goes through
im doing well on GXY & ORE, PROS;- Strong Balance sheet- Does...
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Last
$2.55 |
Change
-0.070(2.67%) |
Mkt cap ! $3.329B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.62 | $2.53 | $15.52M | 6.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9615 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 58215 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |