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India doesn’t have lithium resources, they are looking for...

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8horse

34,353 Posts.

9149

02/05/19

09:29

Post #: 38367469
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Originally posted by SeeTheWorld ↑

I guess as a good sign the $1.90 is reasonably close to the stocks all time high.

I guess one good thing is that is shows how oversold the market is.

KDR is only 5% shorted so not too much damage, but what it hopefully will do is wake up the shorters in other companies like GXY and say to them the risk is on. Imagine what I similar offer percentage wise would do when 18% have to buy back.

So KDR should definitly overshoot the offer price today as shorters try and cover. This will be interesting for us to watch as how much overshoot 5% of cover equates to and try and determine what 18% of cover would equate to. I would expect a non-linear equation between 5 and 18%. More of an exponential relationship.

This is good news. Let's watch with interest and learn many lessons as this plays out.

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India doesn’t have lithium resources, they are looking for lithium deposits.
They signed a MOU with Bolivia, but Lithium Triangle is more easy to produce.

GXY Price at posting: $1.48 Sentiment: Buy Disclosure: Held
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