The low Lithium spot price has lulled shorters into a false sense of security. Buyers are paying a 20% premium to spot.Spot is toast and a multi-billion dollar short squeeze is coming.
Over the past couple of weeks we have had a number of direct Lithium auctions ( $pls $alb $sgml) to tell us that the SC6 price floor is in & higher than the BS China spot and GFEX prices.
If you know the floor is in, the shorts have to tear up their $500 SC6 price theory. That is the only reason for being short half of the entire Lithium industry.
The Lithium shorts have had their fun. This time is ours. Make sure they pay!!!
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-3574
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93.5¢ |
Change
-0.050(5.08%) |
Mkt cap ! $2.266B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | 97.5¢ | 93.5¢ | $49.48M | 52.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 2797617 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 341986 | 5 |
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| LTR (ASX) Chart |