If you're a trader hang on as its going to be a volatile ride -...

If you're a trader hang on as its going to be a volatile ride - major move for a capital raise to move from explorer to producer comes with a lot more risk (and the return will take time) so short term traders expecting a buy out will be bailing. Add to that the wobbles coming from Covid, interest rate expectations and lithium price volatility I would expect to see more down than up for the short term. But who really knows short term with the markets.

However, if you're an investor and believe that the sector will remain strong and management will execute well (which I am leaning towards) it has a good chance to recover and do well in the longer term (albeit I am hoping for a strategy more like Min going forward i.e. where you bring in a strategic partner to co develop and buy some of the project).