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26/10/23
20:03
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Originally posted by 1ronnie:
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Only one largely buying at $3.50 is one Gina Rinehart who has accumulated 15pc, she will reach 20pc tomorrow and SQM will call the deal off and May perhaps proceed with the $3.50 , there is no upside to $3.50 just like there wasn’t any upside to $3 for LTR. Very clearly it is LTR 2.0 all over again as Gina is bend to keep the mines in Australian hands.,LTR holders could have sold to Gina and buy them back considerably cheaper when the deal is scuppered. The only reason AZS and LTR stood high when all other lithium stocks were hammered is because of M&A and as one can see, LTR price is no longer protected in the absence of an impending deal. Shareholders think too far ahead when the cherry is for the taking at this opportune time. If the deal is scuppered, I strongly believe the price would collapse similar to LTR and holders who had sold earlier could buy them back.
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yeah I have no idea why you would not sell at 3:50 today absolutely no effing idea.
Originally posted by simondj:
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You out? - profit is profit, but I thought you might keep some. It is tempting to sell some, but I genuinely think TA3 will deliver a substantial upgrade
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your mad .. there is no upside now. That’s it..full stop … maybe you bought LTR at $3.10 or $3.15 … everybody thought there was some other magic upside.