Wow, what a eye opening report.
- Group EBITDA of US$58.1 million from operations, an increase of 90% compared to FY2017
So EBIT on Mt Cattalin ALONE is 81m, giving us a PE for the at risk market cap of around 5! Ever seen anything so mispriced?
Oh yea of-course, that was a good pricing environment. Was it?
A case of constant price drops, but GXY realised price:
this is a premium product, even in a declining market GXY managed to get a premium...
Excellent eye opener and thats what this stock needs, to smash the shorters painting GXY with an industry wide brush when we all know this company is a top 3 future lithium player (the current top 3 hold multi billion dollar market caps created when lithium was not linked to EV)
go ahead and short / sell... Ill keep buying until SDV is finally factored into the share price