"A New York listing where investor's have much deeper pockets than with our little market, thats easily manipulated."
Let's assume that what you say is right that ASX is easily manipulated compared to NYSE.
Now let's have a look at this chart comparing the drop percentage of the sp of Livent, AKE and PLS.
How do you explain the fact that PLS, which has a higher percentage of short selling than Livent does, drops only about half of the drop percentage of Livent (25.36% against 52.07%)? Logically, if ASX is easily manipulated compared to NYSE, PLS should be the one with 52.07% drop and Livent with 25.36%. Is that right?
It cannot be explained by the fact that Livent is in a merger process, because the fact is being listed in NYSE doesn't save Livent share price from being reduced to less than half in value in about 4 months.
The only viable explanation is there are truly wolves of Wall Street over there!!
Achtung!!
AKE Price at posting:
$8.46 Sentiment: None Disclosure: Held
