What this drunk doesn't understand is that if things continue as they are, Sayona will be out of business soon. The operating cost projected in the annual report is still higher than the price Sayona is selling their spod at.
In order to stay afloat, Sayona will NEED an infusion of cash, from either a "strategy partner" or an OTA buy-in for Moblan. Or perhaps the government, but I am not holding my breath with that.
Praying for a quick recovery in spod price is a foolish strategy. The ccp is hell-bent on destroying the competition as they want to dominate EV manufacturing. They will continue to crash prices as much as they can while they ramp up import from Africa and SA.
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