I'm guessing the supply at 10c is coming from shorters betting that the Nasdaq listing won't happen. If they are right, we still have the assets (Wolfsberg/Ukraine etc) but if they are wrong it will add plenty of fuel to the rerate as they are forced to buy to cover their shorts.
We could also receive other news relating to financing the mine that would burn the shorts. I'm expecting much more volume and volatility over the next few weeks.
EUROPEAN LITHIUM LIMITED, page-3822
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