GLOBAL X LIT ETF FUND TOTAL, page-281

Knowing how the big funds work might be usefull to match it with mine/our strategies, therefore I checked a little bit the work of the Global X Lithium & Battery Tech ETF (LIT) from 31.10. - 03.12. (with respect and without judgement for any of the listed companies here):

No change in their shares held:

• Nemaska Lithium
• Lithium Americas
• Bacanora Lithium

• Altura Mining

Increasing their shares in the first trading days of the month, for the most of them buying only once, some 2-3 times during the first trading days:

• Albemarle
• Livent
• Orocobre
• Pilbara Minerals
• Galaxy Resources
• Ioneer
• Advanced Lithium
• Neometals
• Neo Lithium
• Standard Lithium

Decreasing their shares held almost every trading day in small parcels, with some of the companies to be taken out of the list

• Millennial Lithium from 1'203'722 shares held (1'044'046 $) on 31.10. to 80'582 shares held (66'669 $) on 03.12.
• Advantage Lithium from 1'582'456 shares held (246'816 $) on 31.10. to 518'000 shares held (62'336 $) on 03.12.
• Lithium Australia from 6'410'907 shares held (176'672 $) on 31.10. to zero shares held (0 $) on 22.11.

Fast buying in a short period of time
AVZ Minerals from 3'770'199 shares held (116'886 $) on 31.10 to 43'192'354 shares held (1'273'997 $) on 08.11.

Slowly and daily buying (~15% of daily trading volumes, thanks to GCar and others - thanks a lot for your great job)

• Argosy Minerals from 911'310 shares held (45'832 $) on 31.10. to 10'944'939 shares held (583'805 $) on 03.12.

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We can all agree that these guys managing this fund are way better than we are. From the hole lithium mining industry they choose Argosy Minerals as the only one to start buying slowly and every trading day, not like they did with AVZ. Why??
Because they know how undervalued AGY is at the moment, they want to buy as much as possible at these levels, and they know what potential AGY has.

I expect an announcement regarding the first 5t battery grade LCE selling to Mitsubishi these days, maybe even today.
The new Salta local governor and his team and the new President of Argentina start their work on December 10. The permits shoud not be far away, and the funding for our 2ktpa LCE should follow shortly after that.

We have seen how quick the share price can jump over 10 Cents. Lucky those guys who can buy at those levels, and it will not be much longer this way.

This is my personal opinion only and it is not financial advice. Do your own research.