Ok, so the problem is that no-one wants to sell, and also no-one wants to buy because they aren’t happy about the ‘premium’ they would have to pay on a stock that should be sitting at 50 cents minimum.
Why were they wanting to buy when the SP was 60 cents? Didn’t we have ~ 250m shares on issue back then?
Although, in saying the above, some people have bought 329,207 shares so far today.
Hope we make a big discovery, then with the low SOI there should be some interesting price discovery.
Ann: High Grade Lithium Discovery at Mt Edwards, page-61
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