That's true. And this could be common case with other mining companies that I don't follow.
one last pick up I had from a podcast I listened to with Chris Reed. (Think it was the global lithium podcast)
He talked about how he knew there was lithium at Mt Marion from his previous gold mining days.
This makes me think there substantial holding of HNR is backed by some previous experience with the Mt Holland / Forrestania area and that they are keen on the resources that are in the area.
From memory their major buy in to HNR was before they made the money from the saw of Mt Marion. ie before they had cash to speculate with.
Wait and see I guess
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