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10/03/19
13:02
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Originally posted by schmunzel75:
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Don't forget the retail shares in some super funds and margin loans which are lent without retail's knowledge. those superfunds and banks don't even show up in the top20 list of holders but will add up substantially....commsec for example. this shady network of lending shares for shorting is complex and murky. funny thing is, buying shares for going long is crystall clear and transparent to the entire market. Level playing field it is called, for better liquidity and price balance...whatever it is called, it smells all the same, it is total BS. This sector and GXY has a very strong positive trend regarding underlying fundamentals. GXY earns income, develops two assets, upgrades its operations and resource and still makes a profit. No debt. GXY sells a part if SDV which wasn't even part of its valuation. GXY can do SDV and JB all on its own, it will just take longer. Why the impatience to rush into a potential crappy deal? Look how far SDV has come from Mt Cattlin proceeds already. We are not at day 0 of SDV development. We have started a while ago. With every passing month, GXY's negotiations positions will become stronger, not weaker. The POSCO deal and Mt Cattlin made sure of that. Does anyone here doubt AT's corporate deal making capabilities? GMM take over, LPD buy in, POSCO deal... Relax. GLTA
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Schmun - let's also see what GLN who are drilling right next door to us come up with tomorrow. They could be in our sights (and possibly some others) if they come up with the goods being direct our neighbours ...... might be an opportunity to lock in an even larger brine resource which is in the early days of being confirmed as their drill program suggests and before their SP increases further.