LTR 0.60% 84.0¢ liontown resources limited

Ann: Project and Funding Update, page-504

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  1. 4,837 Posts.
    lightbulb Created with Sketch. 1142
    I don't quite get the logic ...

    Your scenario:
    • JPM acquire shares from a seller at $1.26 about 24-48 hours before negative news is released by company (finance backing pulled).
    • JPM then write an analyst report marking the share price down to $0.75 (effectively devaluing the shares they just purchased)

    Why would they do that?

 
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