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Lithos Group Ltd N.LITS

Alternate Symbol(s):  LITSF

Lithos Group Ltd., formerly Lithos Energy Ltd., is engaged in delivering sustainable lithium. The Company offers AcQUA, which is a patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the direct lithium extraction (DLE) phase into the polishing and purification of battery grade lithium feedstock. The Company has two processing facilities: a 4,000 square feet (sq ft) lab in Denver, Colorado and a 55,000 sq ft complex in Bessemer, Alabama. The Company is engaged in a contract with multiple strategic mineral resource owners and processing brines from the Salars in Chile and Argentina, and the Smackover reservoir in the Southeastern United States. The Company’s wholly owned subsidiary is Aqueous Resources LLC.


NEO:LITS - Post by User

Bullboard Posts
Comment by neoneilon Sep 18, 2018 9:13pm
91 Views
Post# 28643639

RE:RE:RE:RE:Level 2s looking very light on the asks

RE:RE:RE:RE:Level 2s looking very light on the asks
Iseneschal wrote:
Neoneil......... try re-reading my post and just let it sink in for more than a secong before you post..... the topic was "market depth and Level 2"............... NOT Neo Performance on the Venture Exchange.

Sheeeesh !!!!!!!!!!!!!!


My bad… when I say “NEO U” that is a Bitcoin company... sorry!

When a commodity trading on multiple exchanges they trade at the same price. However any substantial price differential for a commodity traded in multiple markets can creates an arbitrage opportunity, and yes there are many traders whose job it is exactly to find and use such opportunities. Their activity in turn has the effect of reducing the price differentials to the point where transaction costs make them unprofitable.

In saying that with high-frequency traders around, the time for a price differential to disappear is nowadays measured in milliseconds.

So what I’m saying is regarding your first post what you are seeing on one exchange is reflected on all exchanges for the same commodity with a millisecond potential defiance. I myself follow 4 exchanges with level II and very rarely see a diffential.

cheers
n

Bullboard Posts