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Here is the video that started it all. PLL but sounds very familiarSeems like another Australian Lithium player in Africa is under short attack
This time it's Atlantic Lithium - ASX ticker "A11" the Lithium hopeful in Ghana that has agreements in place with Piedmont
Piedmont is actually the ulitmate entity subject to the short attack but the report published by short fund Blue Orca raises allegations about Atlantic Lithium which could potentially impact the SP of Piedemont
The management of Atlantic has officially stated it considers the report to be 'factually untrue"
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Atlantic (through subsidiaries) has a current application for a mining license lodged with Ghana's Minerals Commission in relation to the company's Ewoyaa Lithium Project
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Any of this sound familiar to AVZ shareholders????
I had "A11" on my lithium radar around October last year when it was 60c and it subsequently moved to 90c within a very short timeframe.
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Some might recall I posted on this company on the thread below
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At the time I chose not to purchase A11 (or any mining/lithium interests in Africa) due to my experience with AVZ
I did some research though into Ghana and levels of corruption and political stability and it did seem somewhat "better" than the climate in the DRC
Anyway long story short Atlantic's and Piedemont's share prices have both suffered as a direct result of the short report/attack....particularly Atlantics which has now dropped below it's issue price
Blue Orca appears to be a little more transparent than those low-lifes at Boatman Capital but the methodology is exactly the same
Hard enough researching and selecting the right investments without these types of pricks publishing whatever they want and manipulating the market
Corruption in African Lithium Mining - Zer0esTV: Video channel for short sellers
Soren Aandahl of Blue Orca Capital makes the short case on Piedmont Lithium Inc (PLL), a pre-production lithium stock promotion, based on evidence that key lithium mining licenses were obtained by secretly paying and promising tens of millions of dollars to the son of a […]
t.co