General Discussion Topics, page-141347

Just going back through posts back to 2021/22 when we won the NAL bid. Bright bright future and we were all so ecstatic. A working mine with a half built carb plant for a fraction of the build cost. Even I discounted the PLL deal thinking if we get the half built carb plant producing,it would negate the deal. There were so many untruths posted promoting SYA and any contrary view was met with severe condemnation. Back then, sky was the limit until the GS report predicting a major lithium crash in 2023 came out.

Does any one remember the pounding the author of the report received. It was written by a uneducated, inexperienced researcher and what would bankers know about mining, The "expert miners" were telling us that it takes 10 years to build a producing mine, there's not enough quality lithium in the world to satisfy demand out to 2030 and the said product China was to source out of Africa was sub standard at best or totally fictitious at worst.

2023 came along and the wheels started falling off. Apart from The half built plant turning out to be an albatross , the PLL deal exposed as the worst deal in the history of business, the CEO pushed or sacked and no appetite by management to finish the plant, if it was an economic half built plant as we were led to believe, the lithium price started its down spiral as predicted in the GS report.

I was sitting on a life changing profit but saw most of it wither away as I was a rusted on believer in the future of EVs and SYA being in the right place at the right time and I believed the "experts" I finally sold out a large portion across three portfolios with a small profit lucky for me. I now wait to see if GS was right when they said, in their report, that there will be a modest recovery in 2025. , however they may have not factored in another Trump term in office.