I see this as suppression for a take over offer. It has all the hallmarks of shorters keeping it bellow a certain level for at least 30 days for then to lob a bid. The only thing that doesn't make sense is that it is being kept at around $1.25. If the bidder thinks that a 30% increase from this level is a tempting offer and will succeed then I think they will get laughted at and hung up on. I think this is a new attack aimed at suppression to keep low before a bid. The previous attack has already been waged and new shorters now wouldn't be shorting in a rising lithium market with market sentiment rising dramatically. This is different to me.
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Last
91.5¢ |
Change
-0.035(3.68%) |
Mkt cap ! $2.218B | |||
| Open | High | Low | Value | Volume |
| 93.5¢ | 95.5¢ | 91.5¢ | $11.57M | 12.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 437940 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 107154 | 4 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |