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sorry Mike our posts crossed at the same time.
a few 20k plus buys then there it is again another 100k sell at 18.20p. doesn't seem to matter what the sp is as it just happens every time there are a few buys. this has been happening all the way down from around 25p a couple of months ago.
Mike29. I may be way off the mark, but still suspect this is being held down by a possible suitor for the other 50% stake in the lithium. Trying to get a low ball deal, like the 48p mentioned by Baku, but this ain't going to happen as Vincent is too smart for that. This is why he is listing on the OTC market, to help negate some of this price manipulation on AIM, and to start getting the price to fair value. IMHO. This hopefully will not be sold for any less than £1 per share, and more is quite possible in the current lithium market. Wait till the next auction for lithium in November.
Hi Mike, yeah I took a break to be honest as venting my constant frustrations out on here is no good to anyone. I am more relaxed for the longer term now with the Lithium markets/demand looking good. I just don't understand the constant round number sells every day. it is good to back away sometimes. I also have a decent amount in SNG which is doing ok for me and hopefully into the new year will take off after expected successful phase 3 covid results. good luck it is hard work here.
Mike29. Not seen you on here for quite a while, and I was beginning to wonder if you had cashed out? Like you I have been here for about 5 years plus, and we have had to have a lot of faith to carry on adding. I like you have added today, albeit that is definitely my final addition even though I have said that many times before. GLA.
every single upward movement for weeks on end is met with round number sells . I can't fathom it out. happens every day.
Hmm thinking of having a few more but looking at todays somewhat downward movement might wait a little longer
no the 50k @ 18.60 was mine for my sins.
Take it they were yours munchbox at 1050 ish and got the 100k cheaper than the 50 ..well done if so
Good luck with that and agree you stand more chance of getting a better overall price by splitting the trades
Lol. Not2sure. I like it. Watching n waiting. Was getting 19.56p for 100k this morning. Ask just dropped to 19p.
Hoping I can get 18.6 as I’m looking to buy 150k shares. Might have to split the trades to get better quotes as a single trade would demand a higher ask.
Hi munchbox was that your buy first thing..those 5 shares and then decided to push the boat out and get a further tranche of 9 shares lol..good to see you back !
hey guys.
hope your all well, appreciate your decent replies and also baku for telling bozi off for having a go lol.
you guys on here are so very credible, my 17p target has been revised higher and im buying tomorrow morning 8:01 am and happy to pay 18.6p considering the news that due.
personally i can see VM getting fed up and really catching the market by selling off ewoyaa to piedmont yet keeping a % as royalty. i cant see a takeover as theres many potential company makers here but certainly asset sale with a % in the asset.
also i feel that PLL must surely have asked the question and if not will look to come back n take the lot on offtake as the other 50% needs a partner.
personally i think gold is a great bet over the next 12 months, lithium is king but thats when production begins.
good luck chaps.... i will be joining you tomorrow.
Afraid not Unluckyme but at least someone is holding ..it is a rollover
Will we get an RNS with notice of a US trading start date? With the dual listing & no more shares added it can only send the sp north with no shares at the off to sell at that end. Interesting to see if AIM will be able to manipulate the sp as they can & do with shares also being bought & sold in the US. Hopefully we’ll get a more true & stable sp.
Someone is confident. 2 huge buy orders filled today totalling 535k
Dont forget that the IRR-Piedmont deal signed for US$102m to cover study, capex etc was signed at a time when lithium spodumene price was way lower.
Prior to the Pilbara Minerals 14.9.21 auction, lithium spodumene was selling around US$1,000 having jumped from the $600-650 level.
Others may be able to pin-point the lithium spodumene price at the time of the IRR-PIEDMONT JV. If it was around $650/t , then $2,444 is 4 TIMES MORE /400% roughly/approx.
Wed, 20 Oct 2021.
The shareprice will take off eventually. The market / supply and demand will take care of that. It is going to happen but you cannot control the timelines, it will happen when it happens and once the upward trend gets going the price will follow. There is going to be a huge shortage of Lithium in the world at just about the same time we will be producing. Simple economics - this share is very cheap. I will be adding to my significant holding soon.
S & P Global : Lithium Spodumene $2,444/t.
Screen shot shown of above dated 15.10.21.
https://twitter.com/8lusky/status/1450077610155728897
IRR*S COST is <$300/t.
A screen shot of the above from Rio*s presentations: "Significant Supply Gap emerging for lithium."
https://twitter.com/HC_Haplo/status/1450780691990396940 Oct 20, 2021
[Details are in the screen shot shown from Rio]
---Industry News---
You had me scratching my head for a minute there Swest.
There will be an event or series of events that act as the straw that breaks the camel's back here. The market has shrugged it's shoulders at the Piedmont tie up, which is fine. It's just an agreement right now, albeit one that has seen further funds come into the business.
Vincent knows what he needs to do in order to unlock the value we perceive to be here. This might mean something like a resource upgrade followed by an updated scoping study or the full DFS... development deliverables that will help the market value the asset and therefore the stock.
As reality comes into view the stock price will readjust to reflect that. I'm pretty sure of that, even on this exchange where the company is underrated. Discount factors will fall away as the market realises that those risks you mention have been mitigated.
I just really would like to know why Andrew Monk dubs it the punter's favourite. It couldn't be much further from the truth. It's a dark horse that has it's merry band of long term die hard supporters, both institutional and retail.
It might not be dark for much longer i feel.
falling Li price and demand must be causing selling here, add funding risks of an orphaned AIM explorer, mine may not get built, also the infra, cost of building all those roads ...
Err, hold on a minute...
#unfathomable
:)
What did it feel like when u made the billion mark Toro :)
Looks to me big sellers been mopped up should move from here.
If it happened when you expected it, investing would be easy and everyone would be a billionaire