I completely agree with you. I am well aware of the dangers associated with seeking confirmation and the peril of confirmation bias, especially when it leads to dismissing contrarian views.
However, I'm also baffled as to why the stock is trading at 3.9 cents and certainly hope it doesn't dip back down to 3.7. The mine will not be entering care and maintenance (C&M), and the price of lithium has, at the very least, stabilized and showing early signs of an upward trend.
Why are the sellers selling out at 3.9? What's causing the buyers to hesitate at 4.0 —are they anticipating even lower prices in the future, or are they simply exhausted? In my humble opinion, the stock should currently be valued above 5 cents.
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.3¢ | 3.1¢ | $657.2K | 20.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 4663949 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 2145533 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |