Shorts running @ approx. 4% according to Shortman, then daily ASX shorts have jumped considerably.
That's approx $10 Mil tied up in Shorts = approx. 10 days T/Over
Is it all based on speculation OR just a slowdown in news from AGY?
To my understanding, AGY will notify the market of any material change in the business contrary to past announcements - nothing been announced to the contrary - perhaps SHLDRs are being played by the Shorters? the shorters certainly appear to be having a consistent +ve run at the expense of sellers!
So their has been no materials change to AGY's business plan & now trading 60 cents below TY's highs ie approx. 75% down.
Is it all about the Lithium price? are Shorters gaming SHLDRs - only hindsight will provide some answers - is AGY going to be the next "continuos "? supplier of refined Lithium as they infer:
"Argosy progressing to become the 2nd ASX-listed battery quality lithium carbonate producer"
I expect we all need to know HOW MUCH & HOW OFTEN? When it does convert to sales, will it keep the Wolves from their door? Current market sentiment appears sceptical!?
AGY Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
