There's really no significant shorting going on with LRS....

There's really no significant shorting going on with LRS. Current aggregate short position is only 0.64%.

https://www.shortman.com.au/stock?q=lrs

Today's action brought us back towards reality (we had been trading way ahead of basically every other lithium stock). Unfortunately, even with LRS performing exceptionally well as a company, we can't ignore that LRS is part of the lithium sector which is currently viewed in about the same way that dog poop on the underside of someones shoe is viewed.

Also, GFEX futures just went back under 100,000 (looks like it's going to approach the low hit back in January of ~90,000. If SC6 prices follow suit, it will mean SC6 prices are headed back to $850/t.

https://www.metal.com/Lithium/lc2407?type=1%20Week

There is real potential for an absolute massacre on stocks like LTR and SYA this month. LTR trying to ramp up into the worst sector sentiment possibly ever (and keep in mind they still haven't secured their finance). Can't imagine the bankers are going to be very kind with the covenants they put in place. As for SYA - those muppets chose to keep NAL open and suffer non-stop cash burn. They were losing huge cash @ $1k/t - guess what happens if the second half of this year has SC6 @ (for example) $900/t. I hope those directors are ready for the obvious questions.