I believe the last question that was asked of the CEO at the quarterly
presentation dealt with the share price. His response reminded of Occam's razor.
He said something along the lines that when the price of lithium goes up the share
price goes up and when it goes down the share price goes down. What a breath of fresh air to have
a CEO who talks basic common sense. We have been very fortunate to have back to back
terrific CEOs. Sure there is manipulation going on, after all humans are at play here. But, for
the most part this current 200 million short position represents a body of investors, primarily
hedge funds, who are betting the price of lithium goes down to the levels projected
by Goldman Sachs. The substantial drop in lithium prices early this year put a lot
of wind in their sails.
So now, as always, patience remains our marching order. Economic growth in China slowed.
This has now caused their government to institute stimulation programs to
promote a better economy through more consumer spending. Increasing EV sales
is one of the government's lynch pin programs. This should improve demand, which
should increase sales, which should increase the.............you know the rest.
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Last
$3.11 |
Change
0.000(0.00%) |
Mkt cap ! $9.360B |
Open | High | Low | Value | Volume |
$3.13 | $3.18 | $3.08 | $89.18M | 28.54M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 940080 | $3.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.11 | 223576 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250 | 3.210 |
1 | 156 | 3.200 |
2 | 2245 | 3.180 |
2 | 12157 | 3.170 |
1 | 620 | 3.160 |
Price($) | Vol. | No. |
---|---|---|
3.010 | 11654 | 3 |
3.040 | 4791 | 3 |
3.050 | 35826 | 4 |
3.060 | 17922 | 3 |
3.090 | 2781 | 1 |
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