if you had invested in this "dog " of a stock around 5 years ago leading up to NAL and went fishing you would still be up around 150%, the company is doing fine under the circumstances , many have gone into C&m or administration. Investing is largely about timing , luck and patience but where we buy in is our problem not the companies.. 5 years ago we had a hole in the ground at Authier, now we are heading towards being part of a company with 100% of a producing mine , 4 other assets , no debt and around $150- 220m in cash with a good chance of a future, but only if the price of Spodumene comes to the party . As a spodumene miner thats always been the case and always will be, the company has done its bit and got the mine constructed and through ramp up to steady state, now its the turn of Spodumene.
Where some see a dog others see a potential race horse, we'll find out one day...
Cheers Whisky
SYA Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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