RE: House broker6 Feb 2024 09:02
Rob Towers at Berenberg is notorious for manipulating stocks. He's been at play here in Andrada smothering the price and squeezing it lower. Each level lower creates more fear, more sellers and more uncertainty.
Reality is the company is stronger than ever and on the cusp of a major JV deal
Ultimately his goal is to buy ATM as cheap as possible, but he'll continue pushing price lower until he meets some significant buying action
Its probably fairly likely this 3.5p-4p area is where the price bottoms and reverses. We may have already bottomed or we may get a few up & down moves into that key buyzone, lets see
One thing i do know though, is that many will miss out, as this Lithium deal is close to conclusion and worth multiples of the current Mcap. It'll catch alot of people off guard and will transform the company further