How much did the PEA really change things?My response when it came out was that it would have a positive impact if stocks were in a risk off mood, otherwise it wouldn't matter much. Did anyone on this board seriously not realize that Rodinia wasn't already massively undervalued before the PEA? Things are still in the early stages, they want to get a pilot plant going, which will confirm things more, and then we need the actual Feasibility study. Assuming their are no hiccups, that is when Rodinia will fly.
It actually baffled me how long it hung around 20 cents after the markets had calmed somewhat. A couple of possibilities....
#1 Institutional investors don't think Rodinia is going to be making the big gains in the near future, so no need to invest in it when they can make more money in something else and possibly put their money in Rodinia later.
#2 There is more risk to this project being bought or coming to production than we realize.
#3 Lithium prices have been falling, and investors may think they may fall further.
#4 Temporary market optimism doesn't help juniors much, because everyone knows they next Italy/Greece/Spain/Portugal or disappointing jobs headling will send the market down, and juniors will plunge even worse than blue chips.
Sadly, unless things really get moving in Europe, I see this thing drifting back to .20. I'm a long term holder, but if I had a crystal ball, I'd invest in something else and when the time was ripe jump back in. I've gotten burnt trying to time though, so I don't think I'll try it. A stock that was massively undervalued became even more massively undervalued, I don't see how that's going to change much in a crazy market.