WR1 General Discussion, page-24585

Would agree with you. Would also love for us to trade sideways for a bit and set a base to stop the bleeding.
I would say buyers are only going to come in on the next announcement and even then. I am sure there will alot of people already looking to exit on news.
Hopefully the Li prices stay at their current levels. The spod price seems to have found a base and the futures are trading within the range of 95-105.

I can see news dropping, us opening 15-20% higher to then be sold off heavily. Would be once that phase hsa been completed, then where we move to the upside.

Honestly happy to wait a little extra for an announcement that has alot of information on all the drilling. That way the market will start to price in what the next MRE upgrade will look like. Certainly not rerate material but right now, the market does not value "potential resource upgrade". Right now, we have had no new information since the MRE, so we are just sitting at that 59mt mark.

It needs hard assay results, so a clearer resource picture is formed. Once that happens I can see us starting to move to the upside.