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15:03
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Originally posted by lordaga:
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So, where has all the money gone? Nowhere? You really don’t think we’re in a better position than we were six months ago? I believe the team has done an incredible job cutting AISC and keeping production going, something a lot of other companies couldn’t manage.This actually gives us a chance to grow our client holdings. I’ve bought and sold plenty of penny stocks that turned out to be hidden gems. Just look at KCN, I picked it up at $0.35 a share, and now it's trading over $2. When I first bought in, the company was shut down by the Thai government and bleeding money while fighting them in court. Most people thought KCN was finished, the same way people are talking about SYA now. But guess what? Things turned around. Quarterly losses flipped into profits, and now they’re doing buybacks. So, if you want to talk down SYA, go ahead. But let’s be real, lithium prices are fine. It’s not about higher prices; it’s about us cutting costs and finding ways to be profitable.Honestly, we have more opportunities now than ever. New mines, new minerals, we don’t have to rely solely on lithium. Sure, it’s our core business, but there’s no reason we can’t become a diversified mining company with access to gold and graphite reserves.
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The CEO of PLS disagrees and he is still profitable at current prices.
(20min delay)