This is nonsensical. MRE to $1.25 and sellers still take anything to exit.
Why did someone pay the open 1.25 ? as expectation that the market would not continue to discount it? YET ?? Just another rise to be sold into.
Who are these sellers who simply want to exit at any price? There is obviously an undercurrent of either a manipulative effort, or genuine people who just need the money. And / or some who are so despondent over the lithium price, they continue to exit, the decision to exit last months, continues today, as it will for them tomorrow.
Only when they are out of our registry, whoever they are, will we see a good announcement hold its ground it makes. That takes us to accumulators who see and believe in the sector, and our growth ahead, Vs those who want to exit the sector. Dont expect shooting stars, until the lithium price reverses the money flow, and or that registry is totally flushed of bed wetters.
WR1 Price at posting:
$1.04 Sentiment: Buy Disclosure: Held
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