It is a thin market.
Holders Hold. They make the majority of the registry just sitting tight.
Sellers are dribblers. But without buying pressure, the holders just hold, they dont really see value in paying more for what they already hold, unless it is discounted for that on SALE price. Even though, the entry price was cheap to begin with.
So unless there are new buyers, who discover the RVR, 7m mc, v massive green stone 110km trend, many mammoth pegs, (you dont even need to imagine what depth there is under ground, maybe equal or more to what is on top of the ground ?) speculation would see us driven higher in a bullish market.
Its simply a dry period for speculative money flow, then until there is something that takes those buyers (existing holders bidding in lower lines) to FOMO with actual price trigger.
If the market was actively looking, and discovered the RVR, where entry price, (hello micro cap) to re-rate is bag potential on the smell of spodumene rock chip, or photo of same.
The de-risked winners, like WR1 is where there is active money flow.
Yet a betting market, has to consider the odds, that at 7m mc, just one photo of decent spod crystals would be potential bagger. What does WR1 have to do to double ? not much, just keep on the same path its on. But time wise, its tortoise and the hair story.
OM1 = Rabbit in a cage. Spod photo are keys to that cage. As speculative scale is implied to inference by what the exposed size of pegs are.
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