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
$1.37 |
Change
-0.035(2.49%) |
Mkt cap ! $3.321B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.39 | $1.36 | $8.516M | 6.186M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 209738 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 13727 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.38 |
Change
-0.035 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.39 | $1.36 | 2080822 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| LTR (ASX) Chart |