As of 18:00 Wed 10/05:
Gang feng up 5%
Tianqi Lithium up 12%
Nice green candlestick signifying change of sentiment and trend.
These are big producers and they are up in big way based on the Merger news of Livent and AKE - they only started to run when the news broke after ASX market close around 16:30 - so the news of the merger is true.
Get ready for some fireworks tomorrow, and I can smell the BBQ'ed shorts for LTR
M&A is well and truly underway:First, we had ALB bidding for LTR. Now we have merger btw LTHM and AKE.
There isn't many ASX developer/producers left. They are becoming more valuable each week.Shorts have to cover in big time.
Easily over $3 tmrw based on today's action on chinese lithium producers. A 2nd bidder isn't far away and Lithium market is now well and truly having another great run IMO.
Bring on tomorrow when shorts will be caught short once again.
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