I can't really answer your question other than Id say eventually they will push the prices up with buying.
Also State street first became a substantial shareholder on 22 June 22 when the share price was around 85 c. but was buying at various prices
In Mid June the share price had just been driven down from around 1.20- 1.30 from the bearish Goldman Sachs forecast in early June,
https://www.bloomberg.com/news/articles/2022-06-13/goldman-lithium-price-forecast-sparks-backlash-in-the-metals-world#xj4y7vzkg
Some shares were loaned out to Goldman Sachs and Macquarie bank
SS have became and ceased to be substantial holders many times in late 2022
Have a look at late 22 announcements on CXO website .
Some of their shares owned in June were Lent from Van Eck ETF - 29 million
I could be wrong but I believe that State Street haven't been reporting their ownership lately as CXO said on an email 6 weeks ago that there were no holders over 5% - unless CXO were wrong
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I can't really answer your question other than Id say eventually...
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Last
8.3¢ |
Change
-0.002(2.35%) |
Mkt cap ! $177.3M |
Open | High | Low | Value | Volume |
8.5¢ | 8.6¢ | 8.3¢ | $766.9K | 9.097M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1422995 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 273485 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1412995 | 0.083 |
18 | 696542 | 0.082 |
21 | 1061631 | 0.081 |
55 | 3669749 | 0.080 |
5 | 136961 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 273485 | 3 |
0.086 | 101499 | 3 |
0.087 | 15000 | 1 |
0.088 | 217382 | 3 |
0.089 | 101416 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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