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25.0¢ latin resources limited

Asian stocks are not seeing anything like the sell off...

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GARETH78

7,778 Posts.

2763

05/12/23

17:37

Post #: 71285975
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Originally posted by onlystock: ↑

Had a talk with a friend who has connections with Future trading in China.

Lithium carbonate Future is manipulated. Long positions are squeezed by Short positions at the moment. Similar situations happened many times in China for other products.Basically it's in Squeeze phase. Real Lithium carbonate price is going down due to the Future depression, but it goes much slower, it's stil in the range of 125,000 ~ 130,000.

Lithium carbonate Future might go down further due to the nature of China's Future market. Some high cost LC producers paused or slow down production, so the price will hold soon. There are no enough Lithium carbonate stock for Future Delivery in January, most investors will close positions before the end of December, but they will squeeze until the last minute.

Another good sign is that China Lithium stocks bounced back in last two days even LC Future went down sharply. High cost producer will be phased out while the low cost will survive and boom.

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Asian stocks are not seeing anything like the sell off here.

Ganfeng is exposed predominantly to mining and conversion. Its up.

LRS Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 25.0¢		Change 0.005(2.04%)		Mkt cap ! $665.8M

Open	High	Low	Value	Volume
24.0¢	25.0¢	23.0¢	$1.283M	5.328M

Buyers (Bids)

No.	Vol.	Price($)
37	491644	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	415778	18

View Market Depth

No.	Vol.	Price($)
37	491644	0.245
26	456955	0.240
19	1153150	0.235
21	799877	0.230
10	299984	0.225

Price($)	Vol.	No.
0.250	416012	18
0.255	459544	16
0.260	2162726	17
0.265	1601869	18
0.270	924311	20

Last trade - 13.43pm 15/05/2024 (20 minute delay)


Last 25.0¢			Change 0.005 ( 4.04 %)
Open	High		Low	Volume
24.3¢	25.0¢		23.3¢	2643050
Last updated 14.01pm 15/05/2024 ?

LRS (ASX) Chart

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