The market fall in March 2020 has led to a lot of new investors expecting overnight returns - the 'buy the rumour, sell the news' theme is rampant in speculative communities on Facebook and Reddit. NVX has been heavily pumped on /r/asxbets (Reddit) over the past two months and I expect LKE is now being referenced in those communities too.
If neither company is expressly mentioned on Battery Day (which, given it is Tesla's AGM, seems reasonable), I expect the SP for both NVX and LKE will temporarily retreat. That being said, pending further announcements, I expect our new base will be significantly higher than the 3 - 3.5 cents we have been sitting on over the past 6 months - as Dugsab mentioned, the AFR is one of Australia's premier mainstream financial publications.
Ann: Response to ASX Price Query, page-12
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Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $68.18M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $227.7K | 5.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1119901 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 30000 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LKE (ASX) Chart |