Ann: Drilling Update, page-203

astroboy2. You are absolutely correct. the ASX called a Pause because the SP had risen from .34 to .68 in 9 days and from 45.5 to .68 and rising, a day later.
They had no choice and would have contacted the company and asked for an explanation, but, the company called a TH instead and said that they would come out with a drilling report.
The company did not call the TH because of the drilling report, it was because of the hype in the SP when DTs started to chase the money, as they do, and it appears that they went too far and after that ann they dumped in their hundreds, over 1.050 trades so far averaging less than 7,000 shares each.
Classic ST DT punting and dumping on what they thought was a red hot immediate winner and that dreaded FOMO set in, with typical results, an ASX query, a TH, then a VS, which really stuffed them up with T-2, as they hadn't paid for their shares hoping for a quick sale and probably didn't even have the dough to pay. The disappointing (to them) ann and the 3B certainly didn't help. They panicked and ALL jumped to cut their losses. Obviously, none of them did any research and had absolutely no idea about lithium brine exploration. The question is, what, if anything, will bring that lot back??

P.S. I'm certainly not doing a cross promo, I'm a very modest LT holder, just in it for the interesting Li story and as we are not getting any news from my company, GLN , being a neighbour, provided me with an interesting reference.

One hole does not a company make, nor does it destroy. Very, very long way to go yet.