Scenario A: Someone knew the drill results were bad, and they've been gradually unloading shares to protect themselves. You're right; it's entirely possible that somebody had a crystal ball and knew everything that was going to happen. But isn't it also possible that the market just didn't like the company's prospects, and that's why the share price dropped?
Scenario B: They found something and are using this "mini-crash" to load up on shares. Ah, yes – the classic "buy low, sell high" strategy that we all dream of pulling off. But let's be real – if the company had something so fantastic, wouldn't they be shouting it from the rooftops to boost their share price and market sentiment?
To your point about drilling costs and lithium prices – yes, it's not ideal to build a house when the prices are falling. However, if you're in the business of lithium exploration, sometimes you have to take risks to find opportunities. You can't always wait for the perfect moment.
You're right about one thing: the charts don't lie, but they also don't tell the whole story. Sometimes, market movements are just market movements, and not part of some grand conspiracy. It's essential to base investment decisions on fundamental analysis and research rather than speculation and hearsay.
At the end of the day, investing is about making informed choices, understanding the risks, and having conviction in your decisions. Whether you choose to hold, average down, or sell at a loss, remember that Lady Luck doesn't help anyone – not even George. But a well-informed, rational approach just might.
MRR Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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