If prices won't move above 30c anytime soon, I'm convinced the big boys are shortening our stock to keep sp low. Why?
Low Ball future TO offer!
I'm heavily invested in another company called Liontown Resources LTR. SP @ all time high in November22 at $2.20. Early January23 sp was reduced to $1.25. Reasoning big players State Street,Goldman&Sachs etc. shortened heavily. Monday last week sp in the mid $1.50's again. Tuesday TO proposal @ $2.50 from the world's largest lithium player Albemarle.
Cutting my long story short, LTR's strong management luckily rejected their offer, as LTR's potential is seen above $5 when first of its lithium,mid 2024, will be delivered to their contract partners Ford, Tesla, LG...
Just in comparison LTR's sp in 2019 was below SVL's price of today. Anyway, just hoping our management here will have enough courage, whenever this eventuates and show these market manipulators not only the door.
Low Ball TO offer?
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $229.9M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $423.8K | 2.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 241226 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2674301 | 15 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |