Hedging their bets ??
The odds for that are getting less and less.
Lithium carbonate prices are on the rebound and remaing stable.
Spot prices for SC6 between $5000 and $6250 last auction at PLS.
AVZ is profitable at $520 US.
Markets are irrational or taking a little cream at opportune time but not stupid.
At $520 per ton 15c valuation .
I am sure you can see the upward valuation to $1.50 on spodumene alone .
Take into consideration the Tin credits and lithium sulphate from DMS no flotation the market will confidently value AVZ above $2.
Especially if lithium carbonate breaks its all time high .
Shorters are toast .
ALL IMO
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