@Silent-Bubbles. I've been steadily building my stake in SYA, treating it like my little pet project. Every time I score a big win with one of the banks, I toss another $5k into SYA. It's become a bit of a ritual, really. Now, my holdings are sitting pretty close to $150k. I know some of you out there probably have even bigger positions, but hey, I'm doing my part.
Here's the thing, though, faith alone isn't going to cut it. I need some solid insights, and that's why I'm turning to you, Silent-Bubbles. You're the go-to guru around here, and I hold your opinions in high regard. So, let's get to the heart of the matter: do you see MergeCo ever hitting that magical 12 cents per share? Or are we stuck in this rut forever?
Now, let's talk facts and figures. Sayona Mining and Piedmont Lithium have been making waves in the lithium space. The two companies are set to merge, creating a powerhouse in the North American lithium market. This merger is expected to result in a 50/50 ownership split, with Sayona becoming the ultimate parent entity. The combined entity, MergeCo, is gearing up for some serious growth, backed by equity raisings totaling approximately $99 million. That's a lot of firepower to accelerate their plans.
NAL project in Quebec is already up and running, producing spodumene concentrate. They're targeting an annual production of 226,000 metric tons, with shipments to big names like LG Chem and Tesla. Powered by renewable hydroelectricity, this project is ideally located with access to rail, highway, and port infrastructure. It's a solid setup, no doubt.
But here's the kicker, while all this sounds promising, the share price hasn't exactly been soaring. SYA is currently trading at around 1.6 cents. It's a far cry from the 12 cents we're dreaming of. So, what's the deal? Is there light at the end of the tunnel, or are we just spinning our wheels?
Silent-Bubbles, you've got the pulse of this market. Do you see a future for SYA? Should I keep scooping up these cheap shares, or am I just throwing good money after bad? The Board of Directors has been pretty quiet, and that's not exactly inspiring confidence. But hey, maybe they're cooking up something big behind the scenes.
At the end of the day, I'm in this for the long haul. Lithium is a hot commodity, and the demand is only going to grow as the world shifts towards electric vehicles and renewable energy. MergeCo has the potential to be a major player in this space, but the road ahead is anything but certain.
So, what do you think? Is SYA worth the gamble, or should I cut my losses and move on? Let's hear it, Silent-Bubbles; your wisdom could be the guiding light we all need.
Your presence here tells me you're still sticking around, waiting for the grand finale!
Don't believe too much on SB ----otherwise you are in ?????---IMHO...
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