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Most likely everyone will exit tomorrow as trading has become very easy in this stock
Trading is never supposed to be so easy
I think it will go to 0.50 first or 0.60 and then come back to 0.40 where it was before the last selloff and around the time the Chinese picked up substantial quantity
Around jorc it should spike to 1p and then based on new info of jorc in place it should go to 0.60 or 0.70
There is a huge shortfall of lithium and unless we develop a new superior technology this will remain in short supply.
Your understanding is correct, usually on news there is a spike and then lots of sell but most of the time the stock still has more than half the spike
This is across all stocks not just aim or kodal - when a news is released stocks rally very strongly and then subsequently people who get bored or buy into news without knowing why they bought, sell which reduces the price a bit but it does not reduce the price to pre news level
But you are correct in that trading should be difficult and this has already risen quite a lot and it might continue to do so until the jorc news. On the jorc news it will rally another 40-50pc and then settle down to around 30-40pc pre jorc news. This is pretty much what happens on all news for all stocks and commodities.
many small orders and couple large 10k£ orders went through
the offer is at 0.26, bid is reduced, from what it looks like, market makers still want to sell at 0.26 but hoping to buy from sellers at 0.24
the last sell was at 0.2438 although they quoted 0.24 so they might be buying anything below 0.25 and accumulating themselves for subsequent huge interest.
disclaimer:I am just guessing based on what I see on L2
There are roughly 3 weeks for early september
This will continue to bid up until that date
Happy that the board gave a date, as people would have been expecting it any minute and sold off by 3 weeks out of boredom
Once jorc releases this will show true value of the resource
What are the next steps, I know the Chinese are heavily invested and Lithium is in short supply ?
probably should be in capital letters
Last time few weeks turned to months of wait :)
But probably yes
there is still loads of sells in level 2 and small buys
Spread of 11% so after a big fall the rise is around 3-4%
we will be this level until end of summer, maybe more
Rise based on no news
No jorc news, probably wont come for another x number of years
When you look at the price now it looks like Suay Chin wanted to buy into the asset at a cheaper rate and were somehow depressing prices
Almost immediately after the last funding we are up
Given that Suay Chin had so many shares already, wont be surprised if they bought the prices down at 0.13 by short selling and are now covering those
Cannot explain the rise any other way
This will fall imminently as many people who bought at 0.18 have made a respectable profit within a short time and will exit as we dont have any idea on what is next going to happen having been waited for jorc for so long let alone waiting for production or until its sold to a major producer
another day of false rise without news
when news does come this has a tendency to fall
we have been waiting for jorc since a year - atleast it gives people who are locked in a chance to exit and new people to get locked in a false price rise
I want to buy after todays rns but its too early if you want to buy
I'd wait for a couple days until things settle and pick for lower price
They usually dont
Around a year back the price rose 400% before they gave a reason for the rise :)
markets I feel are over valued because of free money from QE thrown at them. As that is/being stopped, they only need a matchstick to light a fire. and trump plays around with a torch figuratively speaking :) I am scared for some of my long term investments...ride the bear market or take out money, its difficult choice :(
could be bad for guys invested here:
http://m.londonstockexchange.com/exchange/mobile/news/detail/13695890.html
US$600m project value to the Company
Mayan holds a 3.29% interest
That equates to US$ 19.74m
Does that seem right ?
There seems to be a discount to sp based on above ?
http://m.londonstockexchange.com/exchange/mobile/news/detail/13695506.html
good morning
sub 1p like last year might be good price to buy some :)
I know its wishful thinking