I think there's a load of 'gifted' shares being unloaded into the market. If the hints at progress to be reported in the final Q, then we should be on a better footing come 2023 I think
I wonder if the higher volume is a result of the directors shareholding transfer from a few weeks back? if so, the demand for them seems good, so hopefully once the 3.6m have cleared we can resume an upward trend...
Just traders playing football with the price I reckon. Possibly algorithmic forces at play? Who knows, who cares, we are undervalued, and at some point there’ll be a major correction.
Still need to crack on with it though. All these graphs showing the demand curves are good and well, but all have been incorrect so far, so short supply threatens creating such a price hike the golden goose could be strangled!
Every reason to be I guess - project economics when the PFS assumptions are 1/5th of the current lithium price are fairly compelling. He makes strong reference to CEZ having teams working on permitting etc. and that they're deliberately holding off on offtakes. Certainly sounds like a man expecting a decent return on 8+ years work...
There has to be something fairly major going on behind the scenes. The survival of so many major European firms depends on this coming into production, and soon