Exactly, they have to let the cat out of the bag eventually. If...

Exactly, they have to let the cat out of the bag eventually. If they can't articulate a clear strategy in the next 12 months, I would start to cast doubts on managements ability. I hold enough of a position that I'm comfortable with, and as much as I would want to buy more at these levels, SYA holds too great of a position in my portfolio.

This is a race to production 2023 - there will be clear winners and losers, and every delay will impact earnings. Lithium prices will only remain high during the supply lag. Once every producer is up and running, peak prices will drop and stabilise.

If they can hit their targets, then the windfall will be huge. If delays continue, then they won't reap the benefits of being an early producer.