Out come the vested interests whose broker bonuses or whatever are linked to the success of this offer to give us their unsolicited commentary. Fwiw I will be keeping my powder dry and we can all see that today's LTR bid has lit a fire under stocks that have been driven down by the big end of town in order to get themselves set with a net long position. This so reminds me of "The Big Short" where investment banks drove the prices of mortgage backed securities up in the face of increasing loan defaults etc. while they established a net short position. In other words, it defied the logic. Similarly there is in my opinion a concerted effort (as evidenced with ESS) to defy the logic of medium to long term supply/demand expectations that would see stock valuations rise and rise.
I willl be reviewing developments closely and I am still expecting news flow either from TLEA or a competitor that could increase shareholder value. I expect that ODEY may be rueing its decision to reduce now that they see sentiment in lithium stocks swinging.
Not advice...just my own opinion and strategy.
regards
DF
Out come the vested interests whose broker bonuses or whatever...
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