The official moonstock of Veeky Forums - 50c by week's end edition
GXY Pros:
> Financials and presentations freely available on GXY's website and are very informative (READ IT AND LEARN)
> Mt. Cat mine running and being upgraded
> No other WA company has running mine - UPDATE: GXY is a potential buyout candidate based upon recent large interests
> $36M agreement to contract for initial production - UPDATE Confirmed recently as formalized
> $18M of contract to be paid pre-delivery by 3/31 - UPDATE (no verification if received and dubious it was timely paid)
> Really good people running company now vs. prior assclowns
> GXY's most recent financials show massive improvements
> Has over $200M (AUS) unused tax credits from sale of Chinese disaster mine
> Paradice Investors recently purchased significant stock (and did business inspection)
> Future market for lithium is expected to grow significantly
> Cheap shipping via close port disclosed (Makes for more leverage in sale discussions)
GXY Cons:
> Agreement to contract is with Chinese who are in a commodity bust right now
> Still no news that $18M was received
> Pending lawsuit in HK with Chinese buyer of disaster mine ($2-3M)
> Sal De Vida and St. James Bay are years away from production
> Mt. Cat shipment date pushed back from Julyish to September
> Shitposters plaster threads with speculation and bullshit
GXY Non-Events/Neutrals:
> Acorn Capital sold many shares - funds to this all the time and recent Paradice investment negates
> Stock does have volatility due to speculators galore (but as Warren Buffett states: "Volatility doesn't mean risk")
> Some Czech guy is allegedly making a website but it is missing like the $18M
How do I buy GXY
> IF AUSSIE: GXY
> IF BURGER: GALXF (Traded on OTC Market)
> IF EURO: GXYA:F
Can I Trade w/ Robinhood
> Nope.
>Is this a Pump & Dump?!?!!
Nope. See above.
>What is your price target
Assuming lithium prices continue rising - higher. (Do your fucking research.)
