RE:RE:Goldman Sachs is buying
Goldman as broker can buy/sell as agents for others. Yesterday, there were lot of selling in WLC shares from GS account and GS account was buying LAC. I think someone was trying to cover the spread of LAC conversion to WLC shares @0.789 by selling WLC and buying LAC.
However massive selling last 3-4 days is being done through anonymous account which is driving the proce lower for LAC. Based on pattern today, it appears it is not over yet.
In Summary - seller on LAC is driving the price lower, and someone on GS account is main beneficiary who brought position in LAC and likely sold off his existing position in WLC to drive WLC lower.