That's Interesting isn't it. ore like the ' Tale of TWO Insto's...

That's Interesting isn't it. ore like the ' Tale of TWO Insto's ' Baue apart from Merrill's dropping a net 9.2 odd million in net selling on the entire last weeks data , the major seller UBS with their over 95 million net sell were not ever in Sayona's Top 20 at any of the last couple anyway.

So they must have been largely involved in the ' Pump ' then to 39 and then the ' Dump ' back down .

But essentially NONE of Sayona's typical Top 20 Institutional holders who have been with them repeatedly for the long run are in that Top group of sellers. ie there is NO BNP .....and NO HSBC on the significant SELL side .... and JP Morgan who has been and still is ( from the last and latest Top 20 dated 22nd March ) has been a significant Net BUYER on the Institutional side of things.

And obviously the take away here is again that Retail is absorbing most of the impact of this ' Dump ' overall.

But its UBS which stands out the most for me.

And that's really strange because it was UBS who upgraded their calls on Australian Lithium stocks as recently as 8th April 2022 in these statements :-

UBS upgrades lithium outlook

The Australian Financial Review reported that investment giant UBS has upped its lithium price forecast for 2022.

The strong market conditions have even forced UBS to rethink its long-term assumptions about future lithium spot prices.

Lithium prices have exceeded the broker’s expectations, with UBS thinking the market is not about to ease up yet.

This mirrors what lithium producers themselves have been reporting lately.

Now I know they ( UBS ) were bullish on ' Producers Allkem and Pilbara , but what would have triggered them to obviously FIRST buy up hugely in Sayona , only to then turn around and dump before they can ever even be identified in a revised Top 20 with the last one being taken as at 22nd March. So their BUYING had to have started after the 22nd ....and right through that Stellar run up to 39 cents.

But what made them decide to ' Dump it ' . Was it the PFS and lack of transparency in the outlook or what. What was it specifically. What don't they do their own research and are just patsy followers of GS. Because that is a MASSIVE amount that they accumulated ......only to turn around and record more sells that they actually bought for their clients in that week ( virtually double ) , and probably most of what they had bought up in the stock since as far back as late March 2022.

I pretty sure though if you look back into the History of UBS , they were never a fan of Altura either ........