Merger: Yes or No, page-510

GCar, I think PLS is the most suitable company for the purpose of measuring the effect of the merger. There are 2 reasons: firstly like AKE it is in ASX 100 (or ASX 50), and secondly like LTHM it is shorted at the rate of more than 15%.



Now, both PLS and LTHM are shorted more than 15%. But PLS managed to start moving sideways by the end October, while Livent kept sliding down. (That shows to me that the quality of short selling in NYSE is more intense than in ASX.) AKE hasn't been shorted more than 1%, but it went down hand in hand with LTHM.

If AKE hasn't been dragged down by LTHM, it should have been at least moving sideways like PLS or logically moving slightly up because it was not shorted like PLS.