A good plan is to examine the financials when they come out. A lot has been said about optimisation to improve recoveries, however mining companies' track records on delivering against lofty goals is often delayed or costs more than they thought. Going through GXY's historical investor presentations one at a time can provide a good demonstration, although they are definitely not alone in this kind of thing. It was interesting going back to one of the earliest presentations that had something like a 10 year projection for LCE demand and the (very bullish) 2018 forecast turned out to be remarkably accurate!
I also looked further into the rules regarding short reporting and it would appear that there is an exemption for market makers in ETFs to do naked shorting (ie, not have an unconditional right to vest at the time of the transaction), in the process of creating/destroying ETF creation baskets. I haven't looked into what that means for the lithium ETF, but it could be illuminating.
GXY Price at posting:
$2.23 Sentiment: None Disclosure: Not Held
