Daily Discussion, page-10486

Shark,

My rationale for my losses is the lithium sector, not raiden.

We need to identify the real cause or we blame the wrong area, company or person.

Raiden had a peak of 8c on 15 Nov 23.
Today 0.5c. Loss 7.5c or 94% off peak.

Raiden on the Nov 23 peak started a down trend as the peak in may 24 was 5.5c and the peak in sep 24 was 5c.

Each high failed to break resistance of the prior high.

Now looking at core lithium and sayona.

Core
On 15 Nov 23. Same date as raidens peak.
Core peaked at 39c.
Today 7.6c. Loss. 31.4c or 80% off peak.

Sayona
On 15 Nov 2023. Same raiden peak date.
Sayona peaked at 8.5c
Today 1.9c. Loss. 6.6c or 78% off peak.

Core had a peak price of $1.88 on 14 Nov 22
Down 96%. Run ended then.

Sayona was 39c on 5 April 2022 and 19, 20 April 2022. Run ended then.
Down 95%

As we can see sayona and core were already in down trend before raiden peaked.

Since raiden peaked the down trend continued.

Raiden if success with Andover drilling, would be higher than present, but I doubt would reach its 8c peak due to sector.

It is why I do not blame dusko. One can see over 90% wipe outs on sayona and core and both produced the right results.

Also I do not speak to dusko. JD queried this a few weeks ago and my answer is the same as then.