You're not listening.. Comparing to other stocks and other markets it's basically meaningless.
Its hard to compare Sayona to other players at the moment because there isn't many new producers going through ramping at this time. While having a concentrator up and running producing spodume is the end goal for a lot of these hopefuls, actually being in the process of it during a down turn in the market is extremely impactful on cash and ultimately the position of the company. Other junior explores are somewhat sheltered from the high cash burn but Sayona has no choice but to push on and ramp aggressively as this is the only thing that will bring our costs down.
Now this is extremely risky because if it doesn't bring costs down enough and the price doesn't improve then we are fu$&ed.
If we do pull it off we will be in the best position possible out of any of our peers and the SP will reflect that BIG TIME.
Until production updates and operational reviews, we wait to find out our destiny.
There is NO point.. absolutely NO point in comparing to junior lithium explores or established lithium producers as their situations are completely different.
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2.6¢ |
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Open | High | Low | Value | Volume |
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76 | 19889232 | 0.025 |
49 | 20659194 | 0.024 |
28 | 8198780 | 0.023 |
19 | 4075909 | 0.022 |
Price($) | Vol. | No. |
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