Ann: Vanadium in energy storage update through Proactive Investor, page-48

We have run through 53M shares so far this month and IMO it could take three to six months for the churn, but the longer a short-termer holds shares the less a short-termer (this is not rocket science) and so the supply price should increase.

Assuming optimising of equity value and share price outcome, we can expect "selling into the news" - all this means is that

"Move along there, nothing to be seen here."

should be

"Move along there, nothing to be seen here, unless you actually read company reports."

... so if the probable worst case ten bagger scenario were to shift to a fifteen or twenty-bagger due to changes in measured, indicated and inferred resource, don't assume the share price will necessarily increase - patience will be required.