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2.8¢ sayona mining limited

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Megafauna

17,418 Posts.

1149

07/08/23

14:31

Post #: 69202988
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Originally posted by Nikos: ↑

Just further to this GS Assumption/Prediction of forecast pricing, and that's all it is, I'm not sure how a selling price of $800-$1100/T is even a possibility when for some, this would represent a price at or below cost? Why the rush to market, only to be selling at cost?
Unless of course, it's another attempt for GS to scare the retail market, so as to accumulate more stock?

If anything, the fact that manufacturing and wage costs are increasing will only push the base selling price higher so as to be a viable business.
If it's not viable, there will be less suppliers wanting to enter the market, which means less supply and fewer competitors, which then means more pressure on pricing?

At the end of the day it all comes down the Demand v Supply and where they intersect is where our price will be. Given the fact that Demand is expected to exceed Supply, for a long time yet, suggests pricing will be going up over time.

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It would render all of the chemical refineries that use lepidolite concentrate as non viable.

When that happens they stop producing which then creates a lithium shortage.

When a shortage occurs, the prices go up.

SYA Price at posting: 14.8¢ Sentiment: Buy Disclosure: Held
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Last 2.8¢		Change 0.001(1.85%)		Mkt cap ! $288.2M

Open	High	Low	Value	Volume
2.7¢	2.8¢	2.7¢	$66.69K	2.438M

Buyers (Bids)

No.	Vol.	Price($)
35	8743871	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	5169182	31

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No.	Vol.	Price($)
35	8743871	0.027
27	6940593	0.026
42	8169706	0.025
29	5651746	0.024
24	7072965	0.023

Price($)	Vol.	No.
0.028	5169182	31
0.029	6366089	37
0.030	11392814	40
0.031	3374791	15
0.032	3445860	20

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