For the last 2 weeks, shorting activity on AVZ has been almost non-existent. Check shortman.com.au.
So, it begs the question of who have been suppressing the sp and why?
For me, it is the work of one or many "interested parties" related to current negotiations for a major stake, or JV, or take-over of AVZ and I strongly believe it is one of those Chinese companies that want a piece of this monster deposit. Like someone has said this morning, if you control this gigantic lithium deposit, you pretty much control the world's lithium market to your advantage".
Who would stupidly try to sell those 1000000 shares (500000 shares + 500000 shares = 1mil shares = from 1 seller for sure) by putting those orders out there if they really want to sell? They are there to cap the sp only I strongly believe.
The sharks are circling.
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