A mining company's management should not spend their time manipulating the share price in the same way that an explorer's management would with new releases on every little bit of news.
Why is GXY so heavily shorted: MC looks to have made about $4m, not a fantastic return for the current Market cap. Brine operations in South America carry more risk than Rock operations in Australia People only just realised that you pay tax on gains (these gains are Argentine tax so Australian losses have no impact - strangely lots of people don' seem to understand that) Developing a new mine always carries risk of delay - that in itself makes it a shorters target Li sector out of favour and all Li stocks impacted
GXY might go better if they offload half of SDV and can show that JB can be developed although how much risk is involved in mining in Alaska?
I am not sure the SP will be moving up to all time highs very soon.......
GXY Price at posting:
$2.04 Sentiment: Buy Disclosure: Held
