LKE towards TOP-5, page-13445

Hi Gassed,
Yes, shorters seem to try to attack LKE SP every now and then, but the impacts have proved to be short-lived since the first trading day after J Crap report was published, LKE SP is in a strong upward trend since that day, July 14th.

There are a lot of things that can cause a headwind for shorters:

1. About 140 million shares were shorted as of September 5th. This means that the selling pressure of 140 million shares has already happened. What remains is the MANDATORY BUYING PRESSURE that will come from closing these positions. 140 million share buying pressure is enormous.

2. Time is not on shorters' side as LKE is progressing and a lot of important news are expected in the coming months, announcements such as Kachi JORC upgrade, lithium chloride production from Kachi demo plant, LKE sustainability report, other brine drilling results, offtakes, Kachi DFS, etc.

3. The sentiment in the lithium sector turned positive, a lot of new ATHs have been reached recently amongst lithium companies.

4. Lithium prices are reaching new ATHs over and over again.

5. Governments announce more and more support for the lithium ion battery supply chain.

6. Shorters can lose much more than 100% of their investment.

7. There is a very high risk for shorters that a short squeeze will happen in LKE. What happened so far was by no means a short squeeze. In net terms short positions didn't decrease since July 14th, the opposite happened, they increased by 14.5 million shares until 5th of September (the latest data that we have). Imagine what will happen when shorters will buy back shares in the 50 million - 100 million shares range!!!

All imho, dyor, etc, etc.