RE: I am an investor in NILI It is far from a mine yet my friend. It's a junior exploration which is essentially testing its current property for lithium grades. We've only got a few holes in the ground as well. Although based on the current finds, which are extremely promising and high grade, we've got a long ways to go yet. We will need more holes in the ground with similar results, and for the lithium sector in general to pick back up.
Unless we get sudden news of a strategic investor or a buyout, I don't think we will be seeing a rise in SP until we've got more holes/results, and a turnaround in the Li sector. Don't get me wrong, I am holding what I consider a large position for myself, and I'm down about 33%. It's not fun to be down and watch the price trickle lower by a penny or so daily. But I'm not focused on the day to day. Lithium is needed, especially at high grades, close to the surface. This can either turn on a dime at a moments notice, or eventually the sentiment will change and we will start heading back up IMO. For now, the big boys are going to walk it down or it'll be pinned here for them to scoop up as much as they can when they feel the time is right. From what I can see, there's not a lot of selling going on, so it seems to me everyone is holding their shares tight to their chest. Others just doing day trading or wash trades for now.
GLTA