Re production you are right there. It was a combination of factors:
- Some research firm indicated to market (to them) that there is surplus of supply of Spodumene and not enough processing around so there'll be a glut (this has been debunked by Joe Lowry and others).
- The SQM factor as you indicated
- A few larger players decide that Li Companies is their target to short. ( They change their mind every so often it seems).
It seem if an individual came out with half the rubbish that drives down shares (as we've seen in last few weeks), we'd be in trouble. Not so for larger entities it seems.
Re production you are right there. It was a combination of...
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |