Only hope I see is if story of CXO (Core Exploration Limited) is also repeated in DKO (Dakota Minerals Limited) case as well.
CXO share price rose to 52 week high of $ 0.064 on 20-Apr-2016 on high grade Lithium expectation but its drilling results was perceived negatively by market. It was dumped badly and reached $ 0.022 on 30-Jun-2016; fall of almost 65% from peak.
Market has since digested & interpreted its drilling results and it has risen approximately 68% (from $ 0.022 low on 30-Jun-2016) based on 15-Jul-2016 closure price of $0.037.
If market is still not ready to accept the Phase-1 & 2 drilling results of DKO and share price does not recover 65-75% in next few days, then there is high chance that there can be massive sell off in Pilbara Minerals Limited (ASX: PLS) and Altura Mining Limited (ASX: AJM) share prices as well as all three (AJM+DKO+PLS) are having Lithium prospects in same Geographical zone; it matter of time sentiment flowing through.
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