I think what's happened is that we've seen a decent sized raise for quite a small company (both in dollar terms but also new shares, as a % of existing ones on issue) and because price hasn't rocketed immediately, you get a % of impatient holders who decide to exit. Looking at the weekly chart, there was lots of volume on the way up and reducing volume on the way down. At an EV of $15M, it looks silly cheap to me. But I'll admit, it's been curious to see so little talk about the company, while many other lithium hopefuls, with much more dubious projects get all the fanfare. Can't really explain that but have been a lone wolf many times with microcaps and you can't do much else, except back your research. As for whether I'm still buying; took half my position at 10c and have doubled-up between 18-20c. Been waiting to hear some less positive commentary, to temper my own thoughts but pretty much tumbleweed so far (any thoughts?). Let's see what the run into xmas brings, given they are expecting a JORC resource at San Jose, Q1.
