The only thing that should bring that stock back under 30$ is if IO goes under 70$ because of economic trouble from China.
Lithium being down is a stupid reason.
There's only 30% of the worldwide production making money at the moment.
If you've been in the resource sector for more than a couple years, you know that it's not sustainable.
We know it, the shorts know it, the lithium picture will be very different in 12 months.
If IO holds up, there will be a brazier with 9% shorts.
Which will another opportunity to take advantage of the market's short-sightedness.
MIN chart, page-374
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Last
$50.53 |
Change
-0.140(0.28%) |
Mkt cap ! $9.924B | |||
| Open | High | Low | Value | Volume |
| $50.34 | $51.23 | $49.93 | $31.85M | 630.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 497 | $50.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $50.53 | 304 | 11 |
View Market Depth
| Last trade - 15.08pm 15/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |