It is difficult to say where this will end up. I have spread my net across many of the junior miners and so far (knock on wood) I have been lucky enough to have Sayona be my worst performer. Friends of mine have lost big on Nemaska, A40,AJM and NRG, so I consider it more luck than anything that I somehow missed those plays. I am almost positive if Sayona had been successful in opening without the BAPE requirement I would have lost everything.
You mention net flix but I think this is playing out like the 2000 .com bomb but in a smaller way. In 2000 everyone and his brother was launching an e-commerce site and most failed, but there was a 2nd wave after that and some of the ones who survived the first wave combined with a bunch of new entrants make up over 3.5 trillion in global sales.
Lithium is starting wave 2 and Sayona somehow survived, hopefully we have learnt something from those who lost it all. Have a look at amozon in 2001. $7.20 a share they were an online bookstore ... they went through 10 years of almost no profits and then BOOM.
You are right to be critical of Sayona. I am certain they read our comments some they ignore and some they take to heart and make a change. I have noticed changes along the way.
I think most of the retail holders that were here when it was .05 - .10 cents a share got burned by diving lithium prices and may not feel compelled to re-enter yet, but when you see literally everyone in the space double in the last 4 to 6 months you have to wonder what happens when this tightly wound spring pops. Any positive BAPE news will have it up to .03 - .05 range in an instant.
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