Secondlevel.I firmly believe the sell down was deliberate to...

Secondlevel.

I firmly believe the sell down was deliberate to accumulate.

I explained how easy it is to drive down a share price if you have money and quantity.

The scale of potential accumulation here is in the visinity 150m shares at least.

That qty is well out of Reach of all retail holders, yet just under the 5% substantial holder notification.

Yesterday a big dump, but someone was there to take that qty or it could not have been dumped.

Today the reverse, bulked up on the bid.

If raiden has success and 150m shares were accumulated at 1.1 to 1.5c

Just a 1c gain on that type of qty is 1.5m dollars profit.

We also should not ignore the fact, if Rinehart is interested.

The aim is as cheap as possible. Often pre a bid, the first 19.99% is often bought up pretty quietly or with duress to retail holders to lower the overall acquisition cost.

I am not saying Rinehart is buying or will bid.

But she snuck up on strike energy and trumped them, also was savy with azure.

She is a long player, she will not care about lithium prices today.

Her only interest will be building a large minable inventory.

As sqm is interested in, along with rio tinto

Lithium prices will rise next year, because lithium supply is falling, along with new future mines.

Generally metals are priced so miners can profit, or investment drops off.

There is a lag there, but always a correction to bring back supply.

If raiden gets any of the pending drills at 100m, 80m is nice width also.

It will be a serious find.

At the moment sentiment is down, but it's the share price as people get sour if they loose money.

But is the sp down deliberately as mentioned above? Or results?

Is retail being played?

Raiden probably could be had for 5 or 6c at the moment.

Very cheap if 100m wide hits turn up, or if decent gold is found at arrow, or Ni extended over at Mt scholl.

I never post or base my feeling on the share price, but what I see on the resource front, looking forward.