I've spent some time looking at other lithium explorers and can't really see any similar action over an extended period.
Every other lithium explorer over the past few months has fluctuated both up and down, but never like us in a weird pattern that keeps coming back to one price (11 cents).
Also, if you take each closing price and average them since 11th August, you get 11 cents.
On the flip side, the share price is building a very strong base - more than 25% of the SOI has traded at an average closing price of 11 cents in the last 2 months. Eventually this sideways action will come to an end and IMO it is more likely to be a large re-rating upwards rather than a large rating down.
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- Ann: Results Confirm Significant Colina West Lithium Discovery
Ann: Results Confirm Significant Colina West Lithium Discovery, page-174
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