ORE another lithium play

[stevo1]

Ore deal with JOGMEC and Toyota Tsusho and in turn Toyota with Panasonic has to benefit from this
http://www.nzherald.co.nz/business/n...ectid=11962260

[Joshuatree]

Yet another 5.5% jump in s/p. Just hit $7 for the first time today. Two brokers have valued ORE at that.

[stevo1]

Yet another 5.5% jump in s/p. Just hit $7 for the first time today. Two brokers have valued ORE at that.

Finished the day at $7.07 yesterday pesky bots were playing with the price until 3pm then got overwhelmed by demand.May be the shorters have squared their position for the moment.Not sure now how much blue sky is left right now but in the future may have MUCH more potential for price rise
At this price the quants and their bots may have another crack at sp

[Joshuatree]

Still about 8.2% shorted similar to Nov but way below May where re 22% shorted. Not sure how the shorters will escape, hope they dont.

[Joshuatree]

Now down to 6.78% shorted (high was 22%). Fund manager buys a 5% plus stake.S/P close to new high. Sweet.

[stevo1]

Now down to 6.78% shorted (high was 22%). Fund manager buys a 5% plus stake.S/P close to new high. Sweet.

Ubs g and its related bodies have borrowed the shares from a number of parties Jp Morgan Chase bank,Citibank.Blackrock ITC,Northern Trust,Colonial First state and others.The accumulation started back in November 2017 over the last 4 weeks SP has ranged from 597 - 737.5 ,last week there was all sorts of crazy shennanagins with ORE price being tossed all over the place.It seems to me the only reason to borrow is to short the stock .

[Joshuatree]

Financial Suicide in my opinion, burnt short carcasses everywhere.Shorts decreasing daily and s/p going to new highs.Battery metals are being favoured by the investment world. Big momentum shift has happened.

[stevo1]

[QUOTE=Joshuatree;699818]Financial Suicide in my opinion, burnt short carcasses everywhere.Shorts decreasing daily and s/p going to new highs.Battery metals are being favoured by the investment world. Big momentum shift has happened

Maybe they are trying to gain a foothold by borrowing then driving the price down below a snapshot of trading at 1 18 pm or just and opportunist attempt for profit?


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[Joshuatree]

Maybe stevo At a certain point my eyes glaze over.

Something to do with this cap raise and placement announcement just out on the ASX! . Leaky ship?

Just seen the details, this will burn remnant shorts imo. Insto placement @$7.50 ABOVE mkt price and a 1 for 20 to us @$6.55

Qrtly and presentation out on ASX now.

[stevo1]

USB are the fkn underwriters and any shares not taken up in entitlement or bookbuild will be issued to USB AG.
Now I am not sure why USB have borrowed 5% of issued capitol from other scources.if they pay back the borrowed stock with their underwriting and uptake of shortfall how does that profit them? Any ideas???