LRV chart, page-285

I wouldn't say that. I think a few things played into the rise:

1.) Seeing that it was believed to be ionic, if it does end up being true. We will be closer to 50c, if its not ionic, well back to 14c we go.
2.) People came in and heard that there were so many different projects and that they were all pending results.
3.) Something that goes up by 100% in a day on the ASX, is going to get attention from traders and risky gamblers.

I wouldn't be surprised if quite a few people have made significant loses trying to trade LRV.
People that recently bought are more likely to sell, as their conviction isn't has high as LTHs. Add in a 40% drop in a 3 week period and you've got a perfect storm for people panicking and selling.

To be fair, will most likely make this run harder, IF results are good. As those that cut their loses try to jump in from FOMO to make back loses.