Profit taking, sure yeah, i can accept that, BUT, the sort of rise we have today of 3.67% is the sort of typical green day rise we see all the time. On NO news.
Maybe there is a perception amongst would be cautious buyers that the auction result was a 'one-off' due to the pent up lithium demand / supply shortfall expressing itself with some sort of blood rush exuberance. The sort of thing that can happen at any house auction in Sydney Melb or Hobart.
If this happens again on the BMX then surely those doubts will evaporate. When is the next BMX auction?. Or has the supply of 'spare spod' been used up. It was 10k tons right? Are they gonna be monthly?
Good News & Bad News, page-2652
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