Ann: Phase One Exploration at Moolyella Returns Lithium Values-EXC.AX, page-15

I'm not sure the results were that bad? They did confirm the existence of lithium. Wether or not it is a significant resource of the ever elusive spod remains to be seen and further groundworks should help confirm this. If management considers there is enough evidence to commence a drilling campaign, it could still put upward pressure on sp.
I never held high expectations and as a result am not disappointed with the results.
It looks to me like the gold players anticipated average lithium results and waited for the markets reaction before snapping up bargains. decent day today and a good steady flow of good news is on it's way in my opinion. holding for now but any drop from here and will be topping up. lets get pen to paper and start moving dirt. Only a few signitures away from a decent rerate