Values of up to 3.4% Lithium - barely explored territory crammed right next to a huge lithium producer with a ~$17 billion dollar market cap. Mate... maaaaaate.
My guess re the price action is two things. I think small caps get smashed in uncertain times, and the market is still jittering about, and secondly - this is a REALLY easy stock to manipulate to buy in cheap, or swing trade to accumulate more. There'd be pundits who have played the price up and down 5% weekly and accumulated a disgusting amount of shares from nervous nellies who freak out whenever the price dips, even on literally $100 of volume/depth.
The world is going electric (you can't stop it). The demand for Lithium and Nickel wont be linear, it will be exponential. As it happens, we have almost all of it in Australia. We're the new Middle East. There's not many Nickel mines, and there's not many Lithium mines. Forget explorers, get in cheap on a real miner.
You'd want to get in now whilst it's all still actually cheap, and before it becomes the next Iron ore.
If people can't see this coming, there's not much else you can do. In any case, I'll be happy to sell them some of my WIN shares for $18 in a few years
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