Lithium sector at that time had a bull run with the market globally thinking the bottom at that time was in and reversal was coming.
The irony is that now with PLS making acquisitions, Rio Tinto making acquisitions and lithium prices finding a bottom base, there's more hesitation from the market to pile in like last time.
There's a lot of money sitting on the sidelines across the sector, mining and lithium specifically.
So they'll wait for more strength and pay higher prices so they "feel" more comfortable.
But feelings aren't facts and feelings don't make real returns on capital.
RDN Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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