I didn't want to talk about the shorters of LTR so far but now it's time.
First of all I can simply name of them as uneducated, uninformed, spoiled idiots.
The idiots always pay the price of their actions.
Unfortunately some holders here also paid the price by selling out by the panic created by those idiot shorters. I am sorry for them.
Why are the shorters idiots?
Because they have no clue about the EV and electrification revolution. Not even at a simple degree.
They also didn't have the detailed and proper idea about the world economics either. I said on
my Post #:62513428;
"I don't care about recession.
There is no recession for the EV market. Lithium and battery cell production deficit is getting bigger and bigger. I know the financial markets are very choppy but most of it is because of extreme manipulation. The manipulation of big boys are in extreme levels. They use everything; the media, research houses, even the governments. They create wars by causing crises between countries. Anyway they are evils". It's now better understood that there is no classical recession coming up. The economic data is mixed. Needs better analysis of world economics.
Most importantly they shorted LTR while they didn't have even a simple idea about what. LTR was doing. They simply shorted every lithium stock. Those idiots shorted the most promising best lithium project in the world. They even shorted LTR at same ratio with AVZ. Both of LTR and AVZ shorting ratio were same, 4.24% on August 2.
While they were holding their shorts alive LTR has done a lots of excellent things; a very successful presentation at Diggers & Dealers mining forum, two important awards to TO and TG, mentions in World media, especially in Bloomerg news, and some others.
I was estimating the ave shorting price of the shorters was $1.50.
Now we have the data of August 3 for shorting ratio. It is 4.14% which represents 90.5m shares were still in short at that day when the the sp was $1.36.
However after that day the situation has changed and sp went up dramatically for them
They had 4 days to cover their short positions which was 90.5m shares. They had to buy 22.5m shares every day to cover it.
It was impossible because of the total volume of those 4 days. Other investors were also buying while there were not enough shares at the sell side. Of course the shorters had to put a lot of fake sale bids on the sale side, and maybe they lost some of their already covered shares in that battle.
Now let's have a look at the charts below, you can easily understand their miserable situation.
(20min delay)