One would be wise to ignore the little Roo boys waffle. For a few years he pumped PLS like a Jack Russel on heat, then sold at $1.11c before his return to dump a pile of do-do on the company, and was rightly mocked for his bent, but obvious agenda. Then he disappeared as he watched the stock price rise, which must have really hurt his horse (a Shetland pony in his case). And now he's back with a spurious attack in the hope of sowing some salt on the recent wound - absent of any credibility, like the Trump loving anti vaxxer.
That aside, I will allege that the recent attack on lithium by MS and CS; along with the mythical African lithium mines on the cusp of production has been orchestrated by the Chinese. I saw it coming when the the CCP held an emergency meeting to wrestle with the problem of the rapid price rise of lithium a while back; a self inflicted problem, I might add - if you're up on the history. So this is the result; to manipulate a downturn via mythical African mines and, I allege, some mafia like greasing of certain BEOT palms to do their bidding, and timed to coincide with a nervous market . Even so, their child like strategy was akin to a Black Adder cunning plan, and will be proven to be so, IMO. The shock to battery metal share prices will be short lived, given the all powerful dynamic of supply V demand has had zero effect on the price of the market price on the metals. In fact, the price of spodumene continues to rise. So not even the power of the CCP can override the reality of the market - go figure
. Did no one tell them about their Emperor would be seen to be wearing no cloths - and probably discovered in a cheap hotel room humping a Jack Russel.
In conclusion, I am not entirely sure that their mafia like manipulations have resulted in a bottom, yet, given every man/woman has their own criteria for a choice posterior. Nevertheless, I believe we can at least thank the Chinese for the addition to our portfolio's of some PLS stock at a bargain basement price; provided one can judge an acceptable, cheeky bottom.
(20min delay)