Ann: Assays confirm Adina as a robust, high-grade lithium project, page-194

i remember one particularly persistant critic, operating all hours of the day (holders became worried about this person's sanity), attached themselves to the notion that crush size of the ore used in the feasibility study was bad.

The crush size of the ore.

This led to many long essays about microns and speculation about how the refineries would respond to this aberrantly sized crush.

In reality, every ore has different qualities which need to be calibrated into the refiner's process. This is why long term offtake arrangements take a while to organise and bulk samples sent. Producer A using crush size X does not reflect badly on Developer B using size Y. Iron content is more important as it lowers calcining recoveries.

Once this criticism was thoroughly debunked by experts and even in an announcement by the management of the company itself, our critic moved on to the next project breaking criticism:

How much moisture is in the crushed ore? Refineries are going to reject it.

And so on, and on, and on........

All of this has little to do with the share price on a day to day basis. Very rarely something is announced that kills a company, and it's pretty obvious when it happens. For pro traders market sensitive announcements are 'liquidity events' allowing them to move stock. If clients want cash, good anns get sold into (this seems to be the majority case).

For us mere retailers, we have to either trade the trade or follow the DYOR creed - put faith into your own intellect to figure things out in the reality beyond the stock, and keep an eye on macro dynamics.