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4.26%

22.5¢ atlantic lithium limited

I’ve been trying to find a counter argument - presumably...

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Shavalava

236 Posts.

11

09/03/23

06:00

Post #: 66668154
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Originally posted by WhatsTheTip: ↑

Agreed it doesn't look good. Then again, a short seller suggesting scandal and looking to profit from the reduce share price this creates would be a textbook play by a short seller. What is unclear is whether Orca Blue got to close their short position or whether it is still open and how much truth (if any) there is behind various allegations they make.

With the share price movement over on the AIM listing there basically was no option but to suspend trading until there was some clarity or at least a response from Atlantic.

Interestingly the US market has traded 1.3m shares in PLL at between US53.35 and US60.69 so around US$75 to US$80m of trades. This volume of trades indicates significant professional investors being involved in the trades. At the time of writing, PLL was up. If Atlantic were toast as Blue Orca suggest, the cascading impacts on PLL supply chain and equity investment should have taken the share price down.

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I’ve been trying to find a counter argument - presumably institutions know something retail doesn’t?

A11 Price at posting: 65.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 22.5¢		Change -0.010(4.26%)		Mkt cap ! $146.1M

Open	High	Low	Value	Volume
23.5¢	25.0¢	22.5¢	$23.6K	100.9K

Buyers (Bids)

No.	Vol.	Price($)
2	122145	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	100000	1

View Market Depth

No.	Vol.	Price($)
15	216000	0.235
1	75000	0.230
2	122145	0.225
1	2522	0.220
1	10000	0.215

Price($)	Vol.	No.
0.240	20973	1
0.245	100000	1
0.260	53331	3
0.265	4000	1
0.270	10345	1

Last trade - 15.58pm 05/09/2024 (20 minute delay)

A11 (ASX) Chart