Mitsubishi Groups own 20% stakes in Morgan Stanley hence there was probably a campaign to short lithium stocks to buy cheaper price.
Mitsubishi is also a substantial holder of GXY and they are also one of the long term purchasers.
What is this telling us now?
GXY sold their brine assets to POSCO hence Mitsibushi is on the quest to look for alternative.
They will likely to sign offtake agreement with LPI.
Lot of good news to come.
LPI Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
