The fact that JPM is now at the table is positive for me. JPM knows the economic situation of the lithium market very well. Also the situation in China (Ganfeng): Gelonghui, Feb. 6 | According to the latest equity disclosure data on disallowed, on January 31, 2024, Ganfeng Lithium (01772.HK) obtained JPMorgan Chase & Co. to increase its position by 2,581,900 shares at an average price of HK$20.9522 per share, involving approximately HK$54.965 million.After the increase in holdings, JPMorgan Chase & Co.'s latest number of open positions was 468.521 million shares, and the holding ratio increased from 10.96% to 11.60%.
I don't know what games are being played. But I'm sure JPM wants to make money. Our chances of getting a reasonable/realistic price have improved.
AZS Price at posting:
$3.54 Sentiment: Hold Disclosure: Held
