I’m sure some investors want the price lower in order to accumulate more before the inevitable happens in 2020 when stock piles get depleted and demand and prices pick up as converters come on line to meet the battery demand expected by EV and Storage.
Imo it’s a good game plan right now by some on this forum to help any remaining nervous nellies or desperate for cash fed up long term holders to relinquish their shares at these low values.
I saw Morningstar increased their Fair Value up to .70 cents today even as the SP drops a few points.
I’m can see everyday the tide is rising towards a lithium energy foreseeable future and imo that’s the reason some new posters on here want you focused on the negative perceptions around current company status, pricing, demand, lack of profits etc. of our wonderful resource in a stable mining nation with elite customers/ partners and future prospects
These doomsday posters wouldn’t be on here if they didn’t want to sew seeds of doubt in order to have their low ball bids met by some investors willing to indulge in their scare mongering.
Eg.
This particular investor imo wants your shares cheap and spelt it out quite clearly in this post
https://hotcopper.com.au/posts/40655357/single
I’ll eat humble pie if our SP is not $1 by this time in 2020.
Gltalth
I’m sure some investors want the price lower in order to...
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Last
$4.10 |
Change
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Mkt cap ! $12.33B | |||
| Open | High | Low | Value | Volume |
| $4.02 | $4.17 | $4.00 | $91.74M | 22.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 12066 | $4.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.11 | 223809 | 10 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Change
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| $4.02 | $4.17 | $4.01 | 6329493 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
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