Before I start, this rant is not targeted at you mate. You do a great job with your posts, keep it up. Now with that disclaimer out of the way.........
This chart is the greatest con-job of the year.
AKE never sold a pound anywhere near the prices reported. Neither did ALB, Livent or spod equivalents PLS, CXO etc.
Not even SQM did! How much volume do they sell onto the market?
So if no lithium heavyweight sold a single pound at such low prices, how was that the price of lithium so low at that time? We are talking about 100,000T sold at $50/kg vs 500grams sold at $20kg, how does a 500g sale show so much value (a bit of purposeful exaggeration). It is like asb selling 1 AKE share for $1 and the rest of the market sold 6million shares for $15, and saying AKE price crashed to $1, and charting that $1 on the chart. The big bad banks will say that they were correct in predicting the 70% price crash that was.
The media keep talking about that chart and that crash, the hallucination that it was. Hallucination must have been generated by ChatGPT ;>
Everytime I see such words in a media article, I can't help but shove the middle finger to the screen. Dumb journalists, following the herd and nothing more. Where is that critical thinking skill, there is none, so we might as well sack all journalists and replace them with ChatGPT. The outcome will be the same, bias and hallucination to the benefit of the paying advertiser.
Oh look, one by one all lithium companies are slowly creeping back to 52week highs, I wonder why? Reality is sinking back in. You can only talk bull for so long. Hey the manipulation worked for them. How many retail sold AKE for $10 a coupld of months ago. Those same retail are probably thinking of buying back in when the share price reaches $30 (for the manipulators to come back in and trick them again with another scary price crash scenario).
Long live the longs, that looked past the bull, especially those smart enough to take advantage and accumulate some more.
Research beats manipulation! Rant over!
