GXY Playing catch-up right now to LIT ETF. There is at least 23%...

GXY Playing catch-up right now to LIT ETF. There is at least 23% arbitrage opportunity here. 

LIT ETF being industry wide capture the good and the bad. Given GXY announcements you would say we should be BEATING the LIT ETF as seen when offtakes and SDV was announced. Therefore 23% risk free and a lot more with risk



LIT ETF (Industry) also breaking 2 year channels which is significant given this was the "over supply" trend




GXY following suit albiet lagged as metnioned above.



So in summary
1) 50% cash backed
2) 23% arbitrage opportunity
3) Potential big news catalyst in progress
4) Receipt of 280m for 25% means the value of the remaining sdv is 750m USD. Even discounting by 50% for project risk gives a valuation in excesss of the GXY market cap.

Seriously Shorters - Why short?? One reason please, i really would appreciate to know what i am missing...