Im hesitant to get too excitedt just yet about the share price movement. Ive posted a few times this year how Sayona and Piedmont are in a bit of a unique/strange position in the industry, being the only NA producer going through ramp up at close to the bottom of the price cycle.. Our companies are HIGHLY leveraged to pricing movements and any signs up price upswing or development of regional pricing within NA and our valuation will literally boom overnight. "boom overnight" is a commonly used phrase amongst rampers and bulls but it literally applies to NAL 100% because we are producing the product that has a price attached to it, so plugging in higher numbers or more favourable conditions inherently makes our company more valuable.
Now considering the china lithium price isnt doing much, not that i personally believe it matters too much anyway, and there hasn't been any regional pricing news, then i fear this could just be a short term run up with a natural sell off to come.
Other factors such as resource upgrades will help the share price, but ultimately its going to be pricing/partners and financing (so ecomnical factors) that are going to be behind this big BOOM im talking about.
Should be an interesting day. Good luck
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