I bought in this morning. Similar reasons huge selloff. On what exactly?
An update that they are only 10% into their fieldwork. K/RB ratios are actually really good at such an early stage.
I am sure the company was expecting a different reaction.
Poor communication I believe.
Traders latched on to the words "xprf impossible to detect lithium" without understanding they are looking for trace elements associated with lithium.
If they announced trace elements found supporting prospective lithium mineralisation then possibly a different outcome.
10%? Looking forward to completion of field study and lab analysis.
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- Ann: Exploration Update - Lac des Montagnes Lithium Project
Ann: Exploration Update - Lac des Montagnes Lithium Project, page-34
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