Why would anyone wait for this good PEA announcement to then sell for less than what they could have sold pre-announcement. Does make any sense. As in general this announcement could not be any better than what it is bar better stripe ratio perhaps. There will be Net profits here. Money will be made! The Fig's are very conservative. Demand will improve. Macro will recover one day.
All I can think of is that they look at when LRS will make money, & that is in 2026 when the plant is operational. H2 2026. Thus, for now they are out! & will jump in on more mt findings I guess.
what the? 24 cents now? Right, really? hmm.. A lot of panic going on. As the point being, 26 kms of district scale lithium still to be discovered, was never part of this PEA release. the findings of more Lithium in the valley is to come. Never a part of this announcement.
I jokingly put a buy in at 20cents. Gees didn't think it would get below 30cents today. I thought, it would open at 30 cents on this news. Little do I understand.
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