I suspect more than a few institutions would be happy to see a low price, financiers and accumulators. Competition would have a vested interest as well but not as much. Once finance is complete with the mining lease, manipulation will be over and i suspect a price in the low to mid twenties. It will then move only upwards to at least fifty cents on production. Demmand and spotprice guarantees this at least. I think the spotprice will rise even higher. No one forcast other commodities to have had the lift they have had in the last month ie oil. Beach Energy stocks are at almost 90 cents. The oil price is not a true representaion of supply as it is being capped by opec. Lithium supply will be a true undersupply issue, without interference, so the price could go quite a lot higher. I would suggest a strong buy for Altura.
AJM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
