I believe the CCP are surprised at the success of their campaign and now confused as to how to fix this mess. The west jumped on the short compounding the issue - and refuse to move.
Gentle untangling is required to avoid a massive swing. Are they all capable? Can they coordinate their actions?
I am not sure they can.
I believe no one expected prices to stay at all time highs. Lithium was never worth that much.
But - Lithium is obviously worth more than its currently traded for.
As shareholders we are caught between a confused market and a desperate oil industry.
It's a shame, but in reality can only possibly resolve to the upside.
My bet- Reality wins in the end.
Patience is required.
Selling atm is for fools.
IMO.
I believe the CCP are surprised at the success of their campaign...
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Last
$2.85 |
Change
-0.130(4.36%) |
Mkt cap ! $8.579B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.94 | $2.83 | $68.30M | 23.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 102727 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 54408 | 2 |
View Market Depth
| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |