Bet against the UK and BOE, ECB and FEDall you want...
But....
BOE is putting in $460Billion...Niice -plus ECB + FED + BOJ printing + NO rate rises may be ever again ( well for years anyway)...thats the true market effect of Brexit??
Dow is up 135% since Fed got involved and FTSE is a screaming buy ahead of $460m.
By the time this Brexit bores you to death with politco crap.....we will have near $1T in global stimulus no rate rises and even more rate cuts... All good for stocks.
The Analysts are wrong...they are kids these days and poorly trained. Be careful who you listen to and fund managers on TV that say sky is falling are short.
GG
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FYI: In our stock
Not all Algos are equal, most are legal. Ours has played very very dirty (illegally) this past week or two by not allowing his frequently moving large capping and sneaky order (which builds at 2000 shares per minute and then when someone joins him he moves himself to back of queue, or when hit does the same and then he smashed the BID to scare others to sell to him below...and then he accumulates your shares. He has shorted over 10m in shares...maybe as high as 15m shares.....and many naked this last week alone..I believe but cant confirm as someone else reported him but ASIC are now aware of him and his illegal maneuvering tricks which are inconsistent with Australian securities laws..... He must have caught on late friday because at the close he finally allowed himself to be hit at 49c.....for the first time all week and then had half of his stock taken in a gulp...that means an extra Million shares he doesnt now have and will will need to buy on screen or scare others to get them. Dont be scared to take him on.
Watch for him to be dirty at the open....
Our stock has "short squeeze" written all over it and futures have held steady.....good sign.
He is still very very short. A little buying by our Tranche One instos this week and taking him out at 1-2c above the SP will move us very quickly up and not down as we have been. He is not real. He is an offscreen naked ghost with servers co-located with ASX so he sees real buying first and moves to back of the queue so he appears he is selling but really isnt..he just collects as others dump real shares over him which he is using to cover as he goes........ has to cover his last 2 days at least and more on our big volume and there are few shares to borrow left....as our register is pretty tight at this price.....he can be squeezed and hard.
We are on to him.
On fundamentals we are Valued at $1.50+ (or at worst 82c by a broker that hates us and is upset they got no part of a $106m capital raising). We are trading at 49c.
KB is in China ( negotiating our offtakes ?? ...gee I hope for the shortrs its not M&A). If offtakes we h stand a good chance of increasing our $106m (no net debt) cash position and fully fund us to production with contracted customers over our 15year+minelife.
We also have DFS due anyday in next 8 weeks which will ensure and insure our resource quality, size and recover ability and lock in our profitability. It should at a minimum put a 60c floor in a our stock. Offtakes should get us back to our high and then
We still have rising Lithium prices....
We have Global High Grade 15 year + mine life Lithium resource growing daily. Best in the world..certainly best of anything new that will enter production next year...
We are in the Pilbara yet trade at a discount to Argentina Lithiums and brines (cheaper quality and worse locations basically than our hard rock high Pilbara grades which are cheaper to recover.....go figure ? Ask Oz blue about this....
This is one of the best squeeze opportunities in the ASX 200. Hmmmm 49c for something worth $1.50. Would you sell your house for $490K if it is worth $1.5m ???
Having said that we maybe we fall Monday cause I said some of this Last Wednesday and our Tranche 1 instos seemingly need to grow a pair....guess Brexit politico risk scared them like little babies. Well time to grow up...buy Monday/Tues/Wednesday or miss the sale....dont whinge when you missed the opportunity.
If we gap up....which Mr short will be trying as best he can to stop at the open..dont be afraid and have a crack at moving him post 50c and then watch.....or sit back and watch him take your shares and profit again.
Fight and win .....or watch and lose to a short behaving illegally in his methods...your call.
Best to all holders.
GG
PLS Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
(20min delay)