I won't say the shorts are insane. There are reasons to be bearish this stock in the short term.
1) Finance timing is still up in the air - although they said July but it might not happen until August or September or they might kick the FID can further down the road. They have delayed the timeline previously so I won't hold on to the timing they touted
2) There is no guarantee the deal structure will be welcomed by the market. Previous announcements have not moved the SP much for six months
3) Even if finance sorted, lithium is still dragging this down and prices might get worse before it recovers
IF the stock is in such hot demand nothing a bunch of anonymous nobodies say can sway the SP. The last thing anybody should do is base their investment decisions on the opinions of anonymous nobodies. If you are 5-year longterm holder and believe the story 100% who cares? Personally, anything under $2 is a buy.
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Last
$2.25 |
Change
-0.030(1.32%) |
Mkt cap ! $580.6M |
Open | High | Low | Value | Volume |
$2.23 | $2.29 | $2.20 | $2.115M | 939.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3593 | $2.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.26 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5300 | 2.200 |
1 | 1751 | 2.170 |
1 | 500 | 2.140 |
1 | 4629 | 2.070 |
1 | 200 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.280 | 6663 | 1 |
2.290 | 3982 | 1 |
2.300 | 22389 | 3 |
2.350 | 2007 | 2 |
2.360 | 5000 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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