I see this as suppression for a take over offer. It has all the hallmarks of shorters keeping it bellow a certain level for at least 30 days for then to lob a bid. The only thing that doesn't make sense is that it is being kept at around $1.25. If the bidder thinks that a 30% increase from this level is a tempting offer and will succeed then I think they will get laughted at and hung up on. I think this is a new attack aimed at suppression to keep low before a bid. The previous attack has already been waged and new shorters now wouldn't be shorting in a rising lithium market with market sentiment rising dramatically. This is different to me.
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Last
$1.01 |
Change
-0.030(2.88%) |
Mkt cap ! $2.466B | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.04 | $1.00 | $8.067M | 7.949M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 213214 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 160615 | 68 |
View Market Depth
| Last trade - 14.20pm 17/06/2024 (20 minute delay) ? |
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Last
$1.02 |
Change
-0.030 ( 2.72 %) |
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| Open | High | Low | Volume | ||
| $1.04 | $1.04 | $1.00 | 2633003 | ||
| Last updated 14.36pm 17/06/2024 ? | |||||
| LTR (ASX) Chart |
