Thanks for your interpretation.
However, you need to take the elevator from the basement (GXY view) to the penthouse (global battery mining and production industry).
What we observe with a birds eye view is that this IS NOT GXY-specific; it is sector wide problem. Your option B would have some credibility if only GXY would experience a drop in SP and increase in shorters. Also, if you look at the substantial holder notices and the SP at the time, institutional holders are still in the green at a 2$ with a much more de-risked company.
Where do you think all the shares come from when the shorters close their position? A CR?
Na, I follow what management and the largest holders do. Buy a few more and sit this out.
GLTA
GXY Price at posting:
$1.99 Sentiment: Buy Disclosure: Held