A breakout to watch, page-60

A slightly different answer than you are looking for Kutyak, happened to holders of DML a couple of years ago.
The SP of that company had gone from penny dreadful to $1.70, and the largest holder a chinese company offered a T/O at the $1.70 price (It was trading in the $1.40's when the T/O was announced).

The BOD recommended NO to the T/O. The company that did not have enough money to develop the deposit (copper in Africa), then found the SP starting to fall. The largest shareholder being rejected started to dump shares.
Management tried to do a cap raise to fund the mining. The price kept dropping and the cap raise was a disaster. The price of copper was falling. They tried to do another cap raise at a lower price, again a failure as the largest shareholder continued to dump.
Eventually after massive dilution, a lower copper price etc, the company went bust, as they had also borrowed money along the way to fund the mine.

Some people had held all the way up and down again, then lost the lot.

Totally different to the lithium deposit we have, as copper was falling in price at the time, plus there are plenty of copper mines out there, compared to the limited amount of lithium. however always watch for change in technologies, and never be totally committed to a sure thing.