News: CXO Core Lithium Says Lithium Royalty Corp Got FIRB Approval For Investment, page-3

If it dropped into the 3s the SPP traders probably wouldn't sell, but rather, just sit back and wait till they got their 2-pip profit. Anyway, even if they did it would only give new buyers a chance to play the pip games. The biggest fish at the moment at 4.2c is the sell order for 740,000, so that seems more like someone's capitulation rather than an SPPer. Maybe s/he has been studying the charts of GXY and PLS and figuring that if those guys are on the skids then we have no hope. Frankly, in the current negative lithium climate I think we all have to reset our expectations so as not to be disappointed. I had figured 10c by December was a realistic target if all plans come to fruition, but maybe 6c will prove closer to the mark. I certainly don't think full approval or finance will do the job, nor a doubling of the reserve classification. It's got to be something the market doesn't expect to happen, like a major new discovery.