WR1 General Discussion, page-27181

Thanks dtab... yes it's unfortunate for innocent bystanders to be fleeced by foreign powers, but I believe there is more than a grain of truth in these writings. I have said on the LTR threads that I was full of suspicion when the Shanghai Metals exchange started to host a "futures" market in lithium chemicals.

Anyone who has reasonable knowledge of derivative markets knows that where shallow derivative markets exist that are cash settled, there is scope for shenanigans. Only yesterday there was a major correction in the GFEX July contract price which happened just around 24hours before the scheduled Albemarle auction today of two spot cargoes of 5k tonnes each.

Separately, back in November I attended the LTR AGM and in conversation with the CEO and Chairman, they remarked that their market intelligence had found that the major shorting of LTR stock was coming from Hong Kong based hedge funds. It is disgraceful that the Australian government regulators are seemingly condoning foreign interference in financial markets while pursuing outspoken policies on foreign political interference.

regards
DF