Motives are often quite transparent.Games will be played but...

Motives are often quite transparent.

Games will be played but fundamentals starting to look really good again.

Risk-on apetite coming back into lithium and EV space.

China EV transition looks to be accelerating faster than expected.

GXY is very cheap right now, IMO cheaper now than it was even at the $1.89 low, due to the huge derisking the latest announcement provides. I.e. I'd rather hold the stock at $2.20 with half cash backing, cash flow producing at MT.cattlin, JV being negotiated cash in hand, than to buy $1.89 without cash cleared.

Event risk on JV at SdV will only increase day by day so i think shorting interest will gradually wean now. There is also attempted takeover risk. Cheap acquisition for a miner wanting to dip toes into Li space.

in my experience what will likely happen is a steady to slight rising SP until all of a sudden potentially without any announcement, accelerated rise in SP.