It can't really go to 1$ in the short term for the simple fact that it would be under the cash held by the company at a ~400m$aud market cap. Anybody could just buy the company, keep the cash and sell the assets for pure profits.
It could only go under 1$ if management burns the cash recklessly AND fast without adding any value. The lithium downturn would also need to last long enough to allow such burning, extremely unlikely as other leveraged players would die way before that, tempering the supply side.
GXY Price at posting:
$1.46 Sentiment: Hold Disclosure: Not Held
