Still we are a spec stock and although we have had some G8 news releases over the last week, everyone should realise $GME and the waves being made by WSB (WallStreetBets (Reddit) ) squeezing the Short Sellers in the US hedge-funds are making waves for us here on the ASX.
I read this morning US$3.2trillion has been wiped off stock value around the world over this last week (please verify for yourself exact numbers) as trading houses needing liquidity by selling their long positions to fund/cover their Short positions.
It's all connected, as last weeks Qtly from LPD was awesome, and the presentation for 121 mining (with 2021 offtakes focused on Spod producers, bottom of P.14) are both full of many highlights that would effect SP positively given normal market conditions.
Yet LPD has so many milestones to announce over Q1-Q2 our SP will be reaching new heights very soon IMHO.
Saving the Earth through EV and energy storage is still the theme for this year so IMO money will flood back into LPD, in fact maybe today. Yet please note trade in the US will open tonight and then we should have a better idea on how the ASX is really going to be effected come opening tomorrow.
Risk On / Risk Off ???
LT-B1
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Ann: Corporate Presentation - 121 Mining Investment Africa, page-5
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