my thoughtsI'm not sure if the following chart works (see below). It's from "stockwatch" for yesterday (December 14, 2021).
I had a conversation with another respected stockhouse contributor (you know who you are) to this board yesterday and we tried to brainstorm what is happening. Our thoughts (or my thoughts) are as follows:
There are TOO little shares that were bought between $1.50 - $1.97 to warrant such a sell-off and people selling for a tax loss. Especially near the $1.80-$1.97. So it's not this.
Could it be that Cantor approached CRE and told them they found people looking to invest. But at the same time, they only want to buy at $1.75. At the same time, they want (or wish) for the stock price to decrease so that they can offload for a loss (so in theory these investors only put money in to realize losses to offset other gains they may have).
It would be a win win. CRE wins because they raised $30M at $1.75 (and now have enough money to keep moving the project forward, do the engineering, etc.). Management of CRE wins because they (friends and family) can buy shares at a huge discount (don't tell me this doesn't happen!!!) Cantor wins because they were paid fees and were also given cheap shares. The investors/people that bought in win as well because they took advantage of the tax losses (by selling) and also got free warrants so when the price increases....which it will, they will have shares in teh company. Not to mention the fact there was no holding period either.
So it's Cantor dumping (as Cantor or most likely as Annonymous), decreasing the share price. This caused a snowball effect as others that are frustrated with the company sold. So along the way, stop losses were triggered, which decreased the price even more than they had anticipated.
How else can you explain....such a hugh increase in lithium prices (and lithium interest), yet the share price is constantly being traded down by annonymous? It's not the markets, or the new Covid variant, or tax loss season, etc.
As for the chart I posted earlier, here is my summary. On Dec 14/21 (yesterday), a total of 3,553,900 shares were traded. This is abnormally large. out of these, 1,786,700 were traded on the venture (so half of them). The other shares were traded on the "other exchanges". That in itself is telling.
Also, 3,300 shares were traded on the "instinet 1" exchange, dropping the price by 12 cents on a total of 12 trades (out of the total 4,813 trades that day). Read that again. They dropped the price 12 cents on 12 trades for 3,300 total shares.
Manipulation?? You be the judge. Look at annonymous trades yesterday. It was a ridiculous number number (they sold 1,667,000 shares) in total. So yes, we are being manipulated. Once Cantor is done selling, we should go back up. In the meantime, look at our market cap compared to where it would be if we re-valued the feasibility study. CRAZY!!