The BEOT was late to the lithium party, and have thrown every dirty trick at retail to frustrate us out of our holdings. The kicker for me was the undersupply narrative changing overnight to oversupply after brokers and investment houses started taking massive lithium industry short positions. When the Chinese started playing their pricing games, it immediately screamed Iron Ore 2.0 to me. It's not a matter of if, it's when for lithium.
If lithium wasn't an investment worth being in, the same companies wouldn't be adding to their substantial holder positions their participation in lending to shorts has enabled.
The BEOT makes money on the way up and the way down, all at the expense of frustrated retail holders.
ASX Today, page-41347
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Last
89.5¢ |
Change
-0.020(2.19%) |
Mkt cap ! $2.176B | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 92.0¢ | 89.0¢ | $5.221M | 5.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 134017 | 89.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 299091 | 35 |
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| Last trade - 12.54pm 08/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |