The flow on effect of the recent weakness and negative sentiment in the lithium sector can only mean: - extreme difficulties for juniors / hopefuls to get funding and most will be withered away - those already in early stage of the game may not proceed with their anticipated margin reduce - those already in the game but not fully funded may not proceed further with funding constraints I predict there will be a very short term pain for many in the sector, GXY included but further downward pressure on GXY share price will be limited due to recent heavy falls from the misstep / debacle of the SDV project JV process, delay to YOP and shipping concern which were not communicated to the market. The massive unstoppable demand for EV and grid storage will only mean the supply will be tighten from the 2nd half of 2019 and market sentiment will improve definitely in a not distant future. Hold on to your shares whether you are in GXY, PLS, MIN, KDR, A40 and those with funding in place, the prospect for those haven't get off the ground yet or with no funding will be very difficult and may miss the boat altogether. It is a cruel world
Good Luck to all except Colon and his cronies
GXY Price at posting:
$1.48 Sentiment: Buy Disclosure: Held
