AKE 0.00% $9.83 allkem limited

Thought it was a done deal they were merging. Maybe AKE ought to...

  1. 3,278 Posts.
    lightbulb Created with Sketch. 693
    Thought it was a done deal they were merging.

    Maybe AKE ought to come out with a statement. If they don't then maybe the merger isn't going ahead.
    Either way they need to come out and say something.

    OR is this market manipulation going on again where certain people want it down to buy up cheap shares.

    Shorters will see that article and go short now.

    Lithium prices have fallen over 60% this year. Its bad. They all expanding which means over supply of lithium
    and then go add all the new mines coming on line and it will keep falling.

    Seen this with iron ore back in 2007. Junior miners come on line and the ore price falls to the point they lose money and the junior
    miners all go belly up before the ore price starts going back up.

    The problem we all have as share holders is lithium will soon be replaced by solid state batteries and then by by lithium miners.
 
watchlist Created with Sketch. Add AKE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.