Banter and General Comments, page-4751

The institutions are on HC trying to swindle cheap shares. There are individuals who go from stock threads posting spodumene prices are at $500/$600, yet no Australian contract prices are below $680. They post without evidence.
Put the trolls on ignore.
A40 have a contract price with CATL of $680 to $980/t until year 2022. They have an all in cost of $1100/t.
GXY q4 2018 had a net profit of $288/t. This was due to reduced production time. How is a company with a net profit considered a marginal producer, while others are making net loss? Lie lie and lie.

To understand GXY numbers, I had to read Tesla numbers. Moody had tesla making a loss of $2b for 2018, Tesla made $300m profit. The analysts also have Tesla in financial trouble for 2019. Tesla have over $10b available with only $3.9b in commitments for 2019, leaving $6b in surplus. Tesla registration has increased 50% in nearly every states in the US yoy. This is not a company in financial trouble, its ICE competitors are.

Getting back to gxy. There are $200m US in the bank and net profit per tonne. This is not a company in trouble, its competitors are.

Shorts began at 7% in june 2017. Ausbil bought 9%. The shorts increased to 16%. Retailers were at 18%. When Shorts increased to 18% retailers holdings began to fall. Shorts have covered 2% off the back of retailers. If retailers had not sold, the SP would still remain over $3 and no one would have sold at a loss.

The trolls are trying to get cheap shares by creating fear. The short positions cannot be closed, they must continue to sell in order to remain solvent. Their only way out is retailers selling at a loss.