This hedge fund backs ‘spicy shorts’ other firms won’t touch.
https://www.copyright link/markets/equity-markets/this-hedge-fund-backs-spicy-shorts-other-firms-won-t-touch-20240112-p5ewu8“We were never sitting there trying to work out if the lithium price was going up or down. We were trying to work out whether they had a good asset, and were they going to actually make money.”
I think there's a few porkies being told given they started shorting over a year ago.Anyway looks like they will all exit pretty soon,not to much meat left on the bone,one last picking,Macquarie gave us 20 cents neutral and good old GS gave us 15 cents neutral,no doubt the Quarterly report will help it go there unfortunatly,one last cycle.May as well close the gap too at 14.5 cents.Then maybe the BOD and GM can send some of the good news out that they have been holding back on and start the volatility.ha
(20min delay)