AGY performance is tracking overall lithium industry and the...

AGY performance is tracking overall lithium industry and the reality is it is completely under the control of shorters.




I expect AGY wont go much lower but equally its not going to go up until

1) Lithium prices revert
2) 2ktpa issues ironed out
3) 10ktpa approval.

Item 2 and 3 are within our control and near IMO.

Item 1 - its a fight between manipulators and fundamentals. PLS announcing an expansion of gangfeng buying speaks volumes for any indication of over supply. Its just a matter of time before the big players have had enough in the sell down and go long. Remember these players missed the rally and i expect this is coordinated efforts.

Aus Super fighting to break shorters in PLS will also turn around momentum soon imo

Nevertheless Thanks to ASIC it goes un-noticed and we are led to believe that 175m is fair value for Australia's next LCE producer. We are meant to beleive a 180% increase in resource size warrants a 4% drop in share price because the market priced it in? And we are meant to be thankful that shorting is providing liquidity for fair value... BS benefiting the big players at retails expense. but thats the rules of the game...