You have to look at the recent share price weakness in the...

You have to look at the recent share price weakness in the context of the lithium supply glut (price weakness) and the activity of the short sellers.
PLS, MIN, PMT, etc.....all getting hammered for no other reason except that it's a well-supported trade by fund managers.
Everyone's doing it.
But balance this with the M&A activity happening in WA's lithium fields. It's a hive of activity. Why? Because lithium supply chain participants don't think about today's trade, they exist to build long-term value. Case in point, Rinehart blocking LTR and AZS. Why, because she doesn't want control of the resource slipping from her, so she exercises the block trade - an option to play when prices and demand improve.
I suspect larger players have a very strong sense of the value of the smaller players in the name of market consolidation. Raiden must be on the radar given it's right in the sweet spot in Andover, adjoining AZS. Once drilling results are proven up, I sure as hell wouldn't want to be short this stock. there is far too much risk attached to not owning it.