Critical Elements Lithium Corp V.CRE

Finally...Goldman Sachs and Pilbara....

[bigops]

So...does anyone go to jail for this one???

GS analyst and pundits downgrade all Li -- also downgrade Pilbara specifically (among others).

Guess who just filed a substantial owner report Form 603 in the US as a new owner of a SUBSTANTIAL amount of Pilbara stock....no, it wasn't Bigops.....Yup, it was our friends at Goldman.

So you tell me - is this market manipulated.....and more important for us, is the future potential clearly there and to the upside --- in my books the answer is a resounding Yes to both.

[HopeIBoughtLow]

When you go to a magic show, you already know that magic isn't real but the mystery and the illusion is what makes it compelling. When someone has a malfunction and the secret to the way the trick was done is revealed, you may momentarily feel a little smarter for knowing it but the the joy is gone. You know you are a sucker most of the time and missed exactly how or when. The curtain was

[Longalways]

is this the one we talk about https://company-announcements.afr.com/asx/pls/fd3929d6-beeb-11ee-83ee-ca3084c9163d.pdf

[Longalways]

IIf  yes there was another in Liontown  https://www.ltresources.com.au/wp-content/uploads/2023/06/61145066.pdf

[m73hx454]

Note that Goldman did not acquire Pilbara shares, but they BORROWED Pilbara shares from Deutsche Bank.  You can see this in appendix B of the announcement  https://company-announcements.afr.com/asx/pls/fd3929d6-beeb-11ee-83ee-ca3084c9163d.pdf By borrowing the shares, Goldman has increased their voting rights on Pilbara, hence they have been reported as a substantial holder. 

[bigops]

very good catch....and my bad for not reading the appendix any chance they are borrowing to cover an existing short? assuming they borrowed to sell down...wouldn't the stock have been obliterated today given the announcement -- if everyone knows you are about to sell 5% of the float (or more) - why wouldnt they front run you....? seems like an odd strategy to borrow so much that you have to

[HopeIBoughtLow]

OK,  fine.  Let me know if I have it right now. Technically they were borrowing shares and that puffed up their holdings on paper. Shares that were worth ____M$  to DeutschBank. So now with this little loaner of shares they could potentially exert influence and therefore had to report.  Loaned to the point of appearing like ownership.  This is how Homer

[Longalways]

They betting and have the power and influence to drive the price  down with what they tellto the market. Regulators say it's market efficiency BS Self fulfilling prophecy this is What a wonderful world....