Patience, they say, is a virtue.....
This week, in spite of good news, patience feels like an impossible task...
I haven't posted much this week.....
I have been busy with work, but I have also found myself disconnecting from HC, and checking my portfolio on commsec.
I have been keeping an eye on the debauchery and slow destruction of the SP......and ....it sucks!!!
I am quite patient, when it comes to these situations, but this slow and steady grind, is even getting to me.
I can imagine how the less experienced investor is feeling???
Hopeless......powerless.....utter despair????
THAT IS EXACTLY HOW THEY WANT YOU TO FEEL.
The downramping, shorting and manipulation, is designed to make you feel this way.
If you sell out, you have played into their hands.....and the cycle continues.
Understanding their tactics, is the first form of defence.
I almost find it funny, looking at what is going on...day after day......almost.
The walls, the fake orders, the dumps, the shorting, the BS GS reports and subsequent sector selldowns, the algorithmic manipulation of the SP, coordinated with the payed, illiterate, bottom feeding scumbags that find their way to our thread to continually spread fear, uncertainty and doubt to intimidate and scare the bejesus out of the poor mum and dad retail investors....its bloody criminal.....
Not to mention they are plugged into the exchanges, and see all the orders and stop losses you have set in your broking account.....yes, they can see basically everything.....and dont even get charged brokerage on their 1 and 2 share buys and sells.....
I ALMOST find it funny, because once you tune into these tactics, you can clearly see what is going on....like a few on forum have, and identify it on a daily basis.
I feel, I am a just person, and feel what is happening on the ASX, and other exchanges around the world, is unfair, should be outlawed.....and is ANYTHING BUT JUST.
Unfortunately, theses big boys are just too connected and powerful, to let us make a dent in their profits.....
And its not just SYA.
It is any stock these guys see value in.
Any stock whose fundamentals show the promise of a bright future.
They want in, and want to pay the minimum possible, to build a position in an emerging future star, which will double, triple, quadruple..etc....their investment, and earn their keep, shorting the stock along the way.
And they are very, very patient....they think in terms of years, not days weeks or months.......
I guess we should feel flattered, they are interested in our little company....
In times like these, its the facts where I find solace in.
FACT- Sayona controls the biggest lithium resource in NA, with an ever increasing program, to systematically grow it.
FACT- Our company, and it s SP/MC has been under attack at various times, but never as much as when we have entered the 200.
FACT- We are below our intrinsic value....particularly now, after our 2 JV's and additional increase in land tenure.
FACT- Sayona will produce in Q1 2023, and refine carbonate/hydroxide by 2025....
And I could go on and on about our strengthening fundamentals. location , no debt etc....etc....etc.....
These guys don't care..........
They will cary on attacking us and accumulating, for months on end, until the fundamentals are so overwhelmingly obvious, that they can no longer hold back the tidal wave of greed, coming from the other big boys buying in......get on board or get left behind.....
Pilbara (PLS) is a great example....and yes, I do think we are headed in a similar trajectory, but in a better location in Quebec.
The timing.....
From the financials, they were making about US$50/tonne, and they actually made a 21 million loss.
But the tide was turning.
Demand was going up and with it the price, which was around US$400 at that time.
For the half-year 126,116 dmt of spodumene concentrate was produced (previous half-year:36,033dmt), consistent with higher sales volumes. The uplift in plant operational performance overthe half-year resulted from a combination of increased plant feed, improved plant utilisation(approximately 70-75%) and improved lithia recoveries following the completion of certain plantimprovement initiatives. This improvement in plant performance contributed to a lower unit cashoperating cost1 of $487/dmt CIF China (USD 352/dmt) for the half year.
Additionally, not unlike us, they were improving the concentration circuit, their spodumene recoveries were improving, their production costs were reducing, while increasing production output....
But look at the dates.....December2020/Jan 2021, shorts reducing, SP going up....while still making a loss.....
WILL SAYONA EVEN MAKE A LOSS???
With these efficiencies, PLS was able to reduce their production cost to US$352/dmt,
The lithium price steadily increased, the EV revolution was gaining steam, and the uncertainty of Chinese dominance was beginning to emerge, accelerating the need for sovereign control..........and the rest is history....and PLS is the monster it is today...
In production Q1 2023, we will have a few advantages....
The lithium sector is booming...beyond anyone'e expectations, and will continue for the forseeable future.
When PLS started its journey, SC6 wqs US$400/tonne, its now US$8000
We are in a better location, perfectly positioned to service the biggest consumer market in the world....NTH America.
Green cheap, hydro power.
Unlimited water.
Multi hub , multiple mines, concentration and refining facilities throughout the province.
Pre approved mine and production facilities
Experienced local personnel
Government support
An ever increasing resource, with JV's which will solidify our resource dominance, and open the door to morph into a multi mineral powerhouse
Inflation Reduction Act support and considered US domestic supply
Sovereign protection by the Quebec/Canadian government against any Chinese attempts at a hostile take over.
Conversations with a plethora of prospective customers, including the US department of defence
ETC....
ETC.....
Does this look familiar below??
Exept PLS was going the other way.
Our time is fast approaching, and the tide will turn for us too....
So, PATIENCE is a virtue!
As attested by PLS.......
They want your SAYONA shares cheap!
And they will try any trick in the book to get them.
All you need to do is zoom out, cut out the noise, and hang on......because we aint seen nothing yet....
Good luck everyone.