There appear to be numerous issues at play here:
- Declining lithium prices and negative market sentiment.
- Unprofessional management practices.
- Lack of support from institutional investors and brokers.
- Delayed drilling results and the company's failure to update the market on the reasons for the delay or change the laboratory.
- Over two months have passed since directors were asked to depart, but the company still hasn't found suitable replacements.
- Possible sabotage of the share price, perhaps as part of an underhanded power play for a forced takeover or an attempt to undermine the company (solely based on my observation).
It is improbable that this financial decline will be halted without management and institutional support. As retail investors, our influence is limited in this complex stock manipulation game. In summary, nothing seems to be going well for the company, and we, the shareholders, are suffering the consequences. The company cannot control global lithium sentiment, but any form of support from institutional investors or positive updates from the company/management could provide a much-needed boost.
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