I would say it will go on until they have decided to cover their position which will be triggered by incoming great news which they will know about before us or a pod of whales coming on past with an enough is enough attitude declaring it oversold and we want to get in first but this is unlikely as the shorts will get the warning update as wolves hunt in packs and all want a piece at the same time so likely to be an orchestrated effort, retail won’t see it happening until it’s already happened. Or the Chinese start buying up lithium and stockpiling giving sentiment a big nudge upwards, if they start stockpiling they could be just getting ready for another fill the shelves and then let the bottom fall out again.
On another note not so long ago the spot prices were pushed down heavily on the notion that some Australian miner dumped a whole lot of low grade Spod at around 4% into the market which didn’t help anyone’s cause, question being I never heard anymore about it never found out who it was. Does anyone know of this and at the time I thought maybe PLS or MIN and the reason why PLS shorts are at their massive 15% prior to the Q report where it will likely come out affecting their revenue and GP that will not be anywhere near their past profits even disregarding discounted 4% Spod.
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