I don't know where to begin.. why on earth would you compare the LIT to Sayonas share price? of course that's not going to be accurate. Secondly, why bother including PLS in the same chart? They make up almost 5% of the LIT or 4th most weighted company in the etf so of course they're going to follow closely.
Further, the LIT comprises of established miners and refiners, car companies and battery producers, all of which are completely different in their lifecycle, market cap, revenue and geographical location to Sayona. It's just an inaccurate comparison.
If you compare Sayonas 5 year chart and lithium pricing 5 year charts, there's unequivocally, almost a direct correlation.
Here's a 1 year comparison for you to contemplate
Less than ONE MONTH to appoint a chairman, page-79
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.2¢ | $1.588M | 47.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 6079508 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 5457623 | 20 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| SYA (ASX) Chart |