I would anticipate a hockey stick type return.
When?
Who knows.
The main reason is that there appears no tangible reason LTM should be this low and appears to be staying there.
Perhaps some are surmising that Elon represents lithium?
So, if Tesla appears to be dropping in sales, lithium is as well?
Perhaps Elon is flooding the market with his 10,000 acre clay lithium mine, adding salt of course!?
Although I somehow doubt this.
The shorting does not appear to be overactive as far as LITM is concerned.
It may be a propaganda effort by the market to broad-brush this lithium, “oversupply” allegation so as to gain cheap entry points?
This is also an unknown.
Despite this, the above press example appears to be rising the interest of Arcadium out of the financial wilderness
No real choice accept wait.
General Discussion, page-1360
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Last
$6.65 |
Change
0.150(2.31%) |
Mkt cap ! $2.581B | |||
| Open | High | Low | Value | Volume |
| $6.73 | $6.76 | $6.65 | $36.08M | 5.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 43322 | $6.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.67 | 5164 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$6.71 |
Change
0.150 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| $6.74 | $6.76 | $6.68 | 243597 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| LTM (ASX) Chart |