Shorters do that.
Shorters take advantage of negative sentiment especially with stocks with a % held by Mums and Dads.
Now who was that group of SYA shareholders that paid a company to canvass shareholders to vote No ?
That started the massive negativity we read on a regular basis with SYA on HC.
Some in that group have now changed their position, others haven't.
The mining, spod production is good.
Cost of production is good.
The expectation for the next qtr for even better results.
Sales to China are happening on a regular basis, price achieved in upper line with the market.
Shipping costs by increasing volume will be lower.
Money in the bank.
SYA and ALB Silver Peake are the only producers and sellers of Li in Nth America atm.
Silver Peake ALB salt mine only producers 5000 tonnes LCE a year and is water intensive in a very dry area, it should be shuttered or modified and I doubt it is running at a profit. IMO.
Tesla will need spod for the refinery in Texas early 2025 and already a customer.
SYA spod is being tested by chemical producers, we don't know by whom, neither we should either, until a deal is done.
Canadian Government has spent Billions attracting and developing the LI battery business for EV'S and BESS and to recharge the intellect in the sector built over decades of R&D in Quebec on Li batteries.
The only missing link is Carbonate, which was expected to come from NAL also who are part owners of SYAQ.
The funding will be found, if not by a traditional non chinese Li chemical company but by a Canadian Co op arrangement with the key Companies & Gov who would benefit.IMO.
From reading China produced 50% more carbonate in the 1st 6 months of TY over LY.
My research is telling me the bottom of the market has been reached and Li prices will improve over the next 2 qtrs.
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