MRE report will be a PIVOT point for NEW BULLISH TRENDThere are alot of people whom got burnt by investing in lithium stocks over the past 6 months. So it will take some time for sentiment to change and for an upward trend to establish itself.
You can witness that any sort of rally is met with intense selling. This is not shorting. It is people whom got burnt and want out. So they use higher price to exit the stock. Unfortunately this will continue for some time until we have a new base price where everyone stocks to be in profit. Then greed will take over and new highs will be hit.
I think the pivot point towards a bullish trend and finally breaking through this almost 6 month downtrend will be the MRE report and the flow through sheet.
The MRE will help establish a value for this project by projecting how many tons of lithium we have. Right now it is all speculation and one number is as good as another. For MAJORS, they need solid numbers, solid evidence and not just speculation.
So the MRE will turn things around and hopefully they start to announce new drill targets which will feed the rally when it starts.
Good Luck to Everyone,