Absolutely, thank you for posting this Rupfel and 100% agree with what you have written. This is all part of the volatility and teething issues of the creation of a whole new global commodity and the entire production chain that goes with it. Big players may have sold on this new futures trading and also may be using it to push down the sector (all lithium red today) to accumulate. Sayona is well placed, fundamentals are simply getting stronger and stronger so this is all games that are played and as usual weak retails or short term holders or traders selling out on the fear when the smart long term money buys back in to accumulate after the drop.
Horrible day, however have a look at CXO with their quarterly to realise how well Sayona are actually doing and ignore many of the downrampers and naysayers. We are smashing it in comparison (painful for me personally as CXO is my second largest holding) but we are flying in comparison to our closest peer (in relation to market cap and point in production/development schedule).
We have already produced more than TWICE the concentrate as CXO far less time.....
Sayona is going forward no matter what the SP and FUD say.
Still, horrible day, unless you have spare funds to buy.
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99 | 29061684 | 0.030 |
53 | 7940914 | 0.029 |
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19 | 3045668 | 0.027 |
Price($) | Vol. | No. |
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0.033 | 6723561 | 24 |
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