LRS General Discussion, page-622

IMO it wasn't the announcements that triggered any of the sell down, it was the fact we were over bought when we got to 9 & 10 cents (considering the limited progression we had at that point - no JORC, no customer off takes etc). We then got punished as the push had been lead by retail investors who were more than willing to sell out when the going got a little tough.

In our favour now is the fact that the weak hands sold out on the way down and the only people left seem to be long term holders with a buy in somewhere up to an average of 6 cents. IMO these people are waiting for JORC, feasibility and customer off takes before deciding what to do next.

If a lithium announcement comes along (on top of good progress at Noomb), then I think we could quite easily see 20 cents (but any lithium announcement is a massive unknown in terms of timing and or quantum/quality).