Ann: Trading Halt, page-48

Sure ... but based totally on 2 things
1. Company projections ... so predominantly timings (and we've seen how well they've done with those) and operation risk (likewise ... a complete CF on just about everything

2. Market projects ... so predominantly the demand (for Boron and Lithium) and price. Forecasting commodity pricing is tough and a year ago anything Lithium was a "moon rocket" ticket... and 5EA talked up what little Lithuim Carbonate they had as a "by product" into a "co product".

Those analysts and the investment banks they work for wont forget who burned them. Look at who 5EA mgmt is "forced" (?) to work with now for sources of capital - predator Hedge funds and the like.

They had me fooled too ... up till that Technical Study released back in May'23 when I wrote
https://hotcopper.com.au/posts/67741949/single

Should have taken the loss then and walked away.