I have taken the liberty of starting a new thread to potentially discuss what is going on with the price and why . I have also taken the liberty of illustrating the situation (along with relevant technical markers) via a photograph of @h00ts most recent chart. 34899390 hoots I hope this is OK and apologise if using your work here as a resource is out of line.
As background (looking at the tea cup half full) one view in March was : “More than half of the world’s lithium is already produced in WA. By 2025, it is predicted lithium will bring in more money for Australia than iron ore”. https://thewest.com.au/news/wa/lith...ssing-plant-is-built-in-kwinana-ng-b88766174z How Kidman fits into that scenario -according to it’s own view is: ‘ Kidman Resources Limited (ASX: KDR) is a lithium developer. The Company, through a Joint Venture with SQM, develops the Tier-1 globally significant Mt Holland Lithium Deposit in Western Australia. A combined Mineral Resource Estimate in March 2018 confirmed Earl Grey’s position as one of the world’s most significant hard rock lithium deposits.” …https://kidmanresources.com.au/
Yet as you can see the price has collapsed remarkably given Kidman just won a prestigious award “Dealer of the Year “ at the annual Diggers & Dealers conference, and reports everything is going ahead as planned ; -more offtakes are being negotiated with globally significant parties on top of the first agreement with Tesla. -A Definite Feasibility Study is due to be tabled -Kidman also reports plans are on track to build a processing plant near Perth close to Tianqi “largest processing plant in the world” which is currently under construction.
Currently there is plenty of gloom in many lithium stocks, but even accounting for the general global fall off in all things lithium including SQM price , Tesla price and most Australian lithium companies, Kidman is doing it hard
Is this something long premeditated, carefully set up and representative of a genuine ‘short attack’ with a sinister motive or just opportunistic selling based on the fact KIdman Resources seems to be a bit ‘orphaned ‘ at the moment ...ie new CFO, has only just started, DFS not tabled, no news likely to be tabled while there is general mood of global unease?