Q: How can the Mark Up Phase ever start when the price of...

Q: How can the Mark Up Phase ever start when the price of lithium is still low?
A: I never believe that the Chinese - the CCP, some said - is the one who manipulates the price of lithium to this low level. If the Chinese - being consumers - can ever manipulates the price of lithium, then the price of lithium will always be this low. Tianqi and Ganfeng, being Chinese companies and whose share prices have also fallen, would have known the manipulation if there was ever one and wouldn't have kept quiet about it.

The fact is the price of lithium (or any other commodity) goes up and down just as the share price of lithium miners (or any other miners) such as PLS. So if the price of lithium is ever manipulated, then it must be manipulated by the same big trader who trades the shares. If this big trader has no control over the price of lithium (in the commodity market) then he will never accumulate before the price of lithium starts steadily going up; he would never take the risk. The fact that the accumulation has been going on for more than six months when there was no steady increase in the price of lithium shows that this big trader who accumulates (confidently!!) has control over the price of lithium.

What he is waiting for is a sign that confirms to him that the supply (of PLS shares) has dried up. As soon as he gets that sign, he will loosen his pressure on the lithium price and start marking up the share price. And it's going to unfold soon!