You are jumping at shadows. The fund (Van Eck) needed to purchase 4.5% of their portfolio and they were short about 4.4% come Friday’s deadline. 100 million was their target give or take. This was all advertised before it happened. A similar purchase occurred a few weeks back with another fund buying in at 69 cents.
Nothing suspicious occurred. In fact, it was rather impressive it was all done without having a major impact on the share price. The huge positive, however, is that is 100 million shares taken off the market per say, leaving the traders to fight over even less supply.
Earlier in the day you were terrified of a collapse in the share price. Despite Friday’s trading being actually rather peaceful compared to the massive swings for the last few weeks.
Until you understand AVZ and/or the lithium market as a whole, my recommendation is to not make absurd connections with unrelated entities with absolutely no evidence.
All IMO - though I’m sure many LTH share my sentiments
- Forums
- ASX - By Stock
- AVZ
- Running discussion on SP
Running discussion on SP, page-60569
-
- There are more pages in this discussion • 22,204 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online