Banter and General Comments, page-4520

It feels like we are at another critical juncture. Dow Jones is near all times highs. ASX200 is near 8 month highs.

Interestingly from a lithium perspective, a number of the big players have also been doing ok. Tianqi and Ganfeng near 7 month highs. FMC is nearing recent highs and is not that far off all times highs. Unfortunately, this hasn't been the case for many of the ASX listed lithium stocks..

I think the shorters have been carefully 'managing' GXY over the last few days (more than usual) to keep the share price depressed and near our recent lows. Shorts as % of volume for the last for days have been 46%, 61%, 47% and 49% respectively which is higher than usual.

I think they are hoping that the global markets take a bit of a breather (the markets are up 15% to 20% since December after all). If the global markets do fall, then they want have to push too hard for GXY to be testing it's recent lows.

On the flip side, if the global markets enter an upside break out, then GXY will likely bounce harder and faster to catch up.

I will be watching the global markets closely over the next week or so to see what happens.

GLTA!