I’m guessing that RIO’s purchase, at a 90% premium to Friday’s closing price, is a variable that was not included in your analysis.
I expect most lithium plays to see SP movement of +5% or greater, tomorrow morning. Whether this will be a long term trend mover or a short term bump is difficult to predict, but I suspect that anyone who just entered a new short position on LTR, PLS, et al, over the past few days is going to regret that decision, at least in the near term.
Time will tell!
I’m guessing that RIO’s purchase, at a 90% premium to Friday’s...
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Last
87.5¢ |
Change
0.035(4.17%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 89.5¢ | 84.5¢ | $14.42M | 16.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 112120 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 79469 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |