BabaRoga, Joe Lowry, Asb et al,
They seem to want to achieve the same thing - scare the bijesus out of the holders. However, their motives may be different.
For instance, we know that Asb is the king or queen of the shorters. Joe Lowry, on the other hand, is working hard for his master (Gangfeng) and is interested in seeing the demise of GXY primarily so his masters can get their hands on GXY assets (or one trophy asset in SDV).
This is where the investors need to take the advice of the company and be patient. There will be an onslaught from the investment analysts, the predators and the incompetent traders which will lead to short term pain for us longs.
However, there will be some astute investors out there that will see GXY for what it is, a huge opportunity in a growth sector that has the capability of being a world class 100k t p.a. LCE producer. How many other Li companies out there have that outlook??
All in all, a good qtrly report. We now need to work through the noise that is about to hit the trading floor.
I'd give it a month or so and we will be riding significantly higher than we are today.
GLTA
GXY Price at posting:
$1.85 Sentiment: None Disclosure: Held