Ann: Salinas Drilling Update, page-21

@Skup j

It's just the overall global market sentiment right now bro. XJO is up that's true, but you need to look at which particular segments of the market are driving this (and which aren't). Lithium stocks are almost entirely red today (I'm tracking 30+ stocks)

Bank stocks are being destroyed (3-4% red) which is significant for the banks.

Gains are mostly in mining and energy (see BHP and RIO) for example.

Overall, there is simply very few buyers looking to open a position in small cap spec stocks which are still years away from revenue. This means tech stocks are also being obliterated.

Sometimes the sentiment on a specific stock is hostage to factors outside of it's control. It doesn't mean LRS is a 'bad company', it just means that at this point in time the market is really sour on speculative plays.