Originally posted by avagadro
JDR is a good example of what can happen very quickly in this space with Lithium plays now looking to rebound.
Gained 50% in a day just based on nearology to Rio's Jadar project and their processing of the Jadarite borates etc going well.
Tyre kickers incoming for sure while 4CE is down, but the nearology play is still there and we'll see movement in coming days/weeks as sentiment begins to return now all and sundry realise the difference between the Chinese Li spot prices for crap concentrate and the high grade stuff required for high-tech batteries.
JDR went up 50% on some rumor that was doing the rounds that RIO Tinto was interested in a takeover of JDR. Was total BS and now that the response to the ASX price query has been released, the market has realised it was an attempted pump and the price has retreated again.
IMO