Ann: Spodumene Pegmatites Discovered at Trieste Lithium Project, page-144

Yeah I agree. Often LRS would take a day or two to really move on significant announcements.
But it still moves. Its the underlying FA value I'm interested in. LRS's recent upgrade was multi bag re-rate.

With the small SOI stocks, once a it pumps and dumps big, it always has bag holders waiting to sell. Supply sitting on the sidelines, that takes a while to churn through too. I think this is why WR1 has been struggling to break $2 for so long. Quite undervalued imo. So there can be issues both ways, it's always good to get familiar with the trading action in each stock. But mostly I suppose I'm saying, if i like the stock and the MC looks cheap compared to peers, then I don't really mind what the SOI is.

I'm currently not tempted to trade the peaks with LLI, because I don't want to miss another surprise announcement. Its hard to judge a fair value with so much upside potential in the next 6mnths.