It could just be a case of a coordinated attack by hedge funds making big dollars for as long as possible, or held down by a certain entity for T/O purposes, but given it’s the same with many other lithium players, it would not surprise me if there was a more sinister player here.
It is times such as this which really are unprecedented, that ASIC or some other government body that actually has teeth, looked into this closely. Given our esteemed leaders saw fit to seek points for identifying our resources such as lithium and rare earths as strategically vital, one would expect a more protective view by our government.
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