Buying money at a deep discountOf course, today's action is manipulation, especially just before a Big Board NYSE listing. These big boys know what lay ahead for the company and most retail investors have no idea or even are aware of that uplisting--LAC/LACDF merely one amount many stocks that shows up in his/her monthly broker report. Good golly, LAC and SQM even have a major joint venture! From article after joint venture announced: ______________________________________________________ World Class Partnership Through a confluence of developments over the past 12 months in the global battery, power and auto industries, as well as shifting politics within Latin America, Lithium Americas and Chile's SQM (NYSE: SQM, $6B market cap) have teamed up in newly optimistic and investment-friendly times in Argentina. LAC and SQM announced on March 28, following President Obama's Tango and praise for Argentina's new President Mauricio Macri, that their joint venture will immediately start work to develop Cauchari's low cost, high margin, long lived lithium resource, producing potentially 40,000 tons per year. This 40,000 tons is very meaningful - about equal in size to SQM's 2015 production of 38,700 tons. This significant investment from an incumbent producer speaks volumes about how it sees the lithium market developing over the next decade. SQM, which has seen its market share erode from 35% to 27% over the last 3 years, is executing a strategy to extend their market leadership position, in part through substantial diversification of lithium production. I expect this news should be good for SQM, as lithium has been its only growth driver of late. 20,000 additional tons (SQM's 50% share of expected 40,000 JV tons), would represent an approximate 50% increase in SQM's current production. ____________________________________________ I see the ore as money in the "bank" for Lithium America--kinda like the underground is the company's two vaults. And that money is earning "interest" [rising lithium price] at an amazing rate. When it is possible the company will start withdrawing the now larger sum. Those working to push down the sp are getting money in the vault at an increasingly huge discount. Anyone selling now, other than simple traders, are irresponsible in terms of handling money and probably needs a professional to take over all their money related matters."