BSquire, Pumping is pushing for no reason. We have 20 valid reasons to highlight our investment case so I refute your point. Huge global markets for Novonix (not local) for starters, then our EV technology which is needed badly by every Global car manufacturers and every Global Electricity Grids, then we have the Tesla R&D relationship, dual US Nasdaq listing then we have 10 more reasons and then the Biden Defense Act gets enacted last week. Which throws fuel on the already robust fire. Tesla goes nuts ans we get forgotten and possibly held back as I watched the capping take place on screen with blocking orders (so the shorts could cover). That is real proce manipulation. Hotcopper is banter seen by about 0.0000% of the global market.
All the Aussie Lithium stocks went crazy and doubled or more like CXO, we were left behind.... but really the US focused players deserve the premium like us. We were unloved and heavily shorted for "Zero" Reason other than being a toy for those moron scumbag shorts profiting off the heavy falls of the last 4 months. We have not even begun to recover yet our value let alone rise. Shorts are seriously caught it's a fact. We are not liquid so 3.5-5% is neigh impossible to buy back and not move the stock up the same way it was pushed down. Could 6-8 weeks to unwind at best so I am holding very tight.
and I seruously doubt the 25m shares short have declined by more than a million....so I'll say 24m shares approx to cover in a raging bull market not of my doing .....so big moves up naturally expected.
Shortman says 3.42% today but is 5 days old and as I have said pros, under-report shorts, then then are rolling intra T+5 unallocated shorts around the drop to $5. so about 5% is my estimates.
No matter how you cut it these guys are caught short by millions and millions of shares and if some like mnbxyz don't like it bc they are short...simple unwind the position you should not have taken. Lol.
GLTAH.
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