I don't personally invest in Cryptocurrency but looked into their last spike up and how it correlated with the overall economy. This is just IMO and purely speculation based on BTC pricing and it having some correlation to the overall economics globally.
The last spike started about Oct 2020 which was about 8-9 months before SYA first big march up.
So based off the above BTC spike chart I anticipate a turn commencement of around June of this year. Perhaps slightly later. When I say turn around, I dont mean a spike up it is likely to be a more gradual trend upwards. It will also be assisted by some of the following:
1) I cant speak for Canada and other countries but Australian tax relief via way of Stage 3 tax cuts commence from 1st July 2024 through 30 June 2025. Id like to think other countries would be implementing similar fuel for their economies after the curtailing of globally induced COVID inflation cash dump but we will see. Cash from this will hit individuals pockets after June 2025.
2) We also have interest rates that are expect to commence starting to cut in the not to distant future. These things both assist in consumers ability to spend money in a favourable manner. Cash will hit loan holders pockets when the first cuts start to occur pending they are on variable rates (not fixed).
3) Macquarie Banks recent revision of Lithium price forecast: Id like to think we will see a price push towards that $2K USD/T mark by towards the end of the year and then see a slight reduction going into early 2025 before things start to really ramp up.
BIG NOTE: We have not had a COVID cash dump into the economy like last time so again, this is just my speculation....
There is no point believing this thing is going to shoot up overnight unexpectedly. An from my understanding of current management, I wouldnt hold your breath for a big partner coming on board OR OTA or anything similar. Managements priority atm should be keeping SYA from C&M of NAL and avoiding high cash burn. Now would be a stupid time to sign up to an offtake or merger. We simply do not have the bargaining power when the commodity we produce has shed 90% in value. Some of the big players will certainly be eye up SYA atm but will be waiting for either a desperate give away or that management will fail and they can pick it up at liquidation prices.
So from that standpoint as a long termer this is simply a bottom draw stock that I will occasionally top up on, if and when I see progress.
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