OT - LITHIUM SHOWDOWNPILBF is in the midst of a week long trading halt on the ASX called for by PILBF. Ken Bridsden CEO reportedly hates shorters of his company's stock. The halt trapped late stage tax loss sellers in ASX, not worldwide, and share lenders in ASX . T he only words that have leaked out by the company are that it is related to the financing of Phase 2 of their mine build out.
Since PILBF has been relatively easily successful in raising mine build out funds from Off Take partners, rumors are rampant that something much more significant will be announced Thursday.
Needess to say the shorts are VERY VERY apprehensive. Talk about opening the new year with a bang.