""This closes the door on their exit strategy and they will have...

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stevo1963

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10/08/22

20:00

Post #: 63041047
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Originally posted by Mozza01 ↑

Hey FB,

I'm thinking that the exclusion of LKE in the ASX200 is what the Shorters are trying so very hard for.....to then allow them to bank on a large inflow of shares coming onto the market from Institutions bringing the price down enough to close out their positions at a lower price point.

They seem to be throwing everything at it over the last couple of days and are using up a lot of ammo to try to achieve this outcome....but they don't seem to be able to bring the price down - only slowing the rise and temporarily capping the price at various points throughout the day. It will be an arm wrestle through the day between Buyers and Sellers. I'm expecting to see them throw everything they have at it in the last hour of trade again, similar to yesterday.

The way I see it, if they cannot bring the price down on no news, what chance do they have of doing so when the expected announcements start to drop over the coming weeks? I think that the timing of these announcements is going to coincide with the ASX200 assessment period and this will ensure that we maintain our spot in the ASX200. This closes the door on their exit strategy and they will have to buy back on market (at a premium) along with everybody else trying to get in on LKE. If an earlier post on these LKE threads is anything to go by, the borrow is getting very limited with at least one source shutting up shop with nothing more to lend.

I'm only speculating - but gee I'd like to see things pan out like that! The Shorters certainly won't. I think that any Shorters out there with an open position would be best served by bighting the bullet, swallowing their pride and closing out their positions before the imminent announcements.

Very interesting to watch.

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""This closes the door on their exit strategy and they will have to buy back on market (at a premium) along with all the Sheep buyers,,and Dugsab trying to get in on LKE.

Last edited by stevo1963: 10/08/22

LKE Price at posting: $1.32 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.8¢		Change -0.002(4.00%)		Mkt cap ! $79.83M

Open	High	Low	Value	Volume
5.0¢	5.0¢	4.7¢	$374.0K	7.683M

Buyers (Bids)

No.	Vol.	Price($)
14	870077	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	12772	2

View Market Depth

No.	Vol.	Price($)
14	870077	0.047
15	1448542	0.046
25	1342366	0.045
3	816500	0.044
3	126001	0.043

Price($)	Vol.	No.
0.048	12772	2
0.049	491351	3
0.050	2573237	16
0.051	640392	6
0.052	970568	12

Last trade - 16.10pm 19/06/2024 (20 minute delay)

LKE (ASX) Chart

""This closes the door on their exit strategy and they will have...

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

""This closes the door on their exit strategy and they will have...

Top Stories

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News