No, anybody who could objectively critique a resource project...

No, anybody who could objectively critique a resource project could see this was coming, as numerous posters on here have shown over a long time. But holders just stupidly dismissed it as paid downramping, etc, etc. Now the chickens come how to roost. Today's presentation tells me that Kachi is cactus, the capex/opex will be far too high for it to ever attract finance considering the resource is so low grade and there are oodles of better deposits out there. It won't die in a day, but it'll dwindle down over time, in my opinion.

For different reasons, SYA also finds itself high up the short-selling list, not because anybody has secret knowledge, but because at the end of the day it's not that hard to establish the companies that rely on a lot of promotion to continually raise capital, whilst dealing with challenging geology/grades/capex etc, are probably not going to sustain their lofty valuations. Most lithium punters just buy into the "massive EV demand coming!!!" thematic without stopping to think about how many projects are slated to come online and what that will do for supply. The cost curve is going to matter, and those on the wrong end will suffer. No surprises that it's the companies up the high end of the cost/capex curve - but with a great 'story' - that tend to attract all the retail punters, i.e. LKE, SYA, VUL etc.