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I think the management have made some communication errors and didn't realise how late they were to the lithium party. They thought their share price would go ballistic on listing (watch the video's on the website) because they were a lithium explorer. They also couldn't raise the intended $8 million even after delaying the IPO a number of times and were not very honest with explaining why they settled with raising just $5 million which is clearly not enough and with a weakened share price they are really gong to struggle to raise money when needed and not over dilute the stock unless they can release news which will get the share price moving soon.

Until we see some drastic changes or some liquidity come into this thing, than lower she goes unfortunately.