Here's an interesting comparison graph to consider.Benchmarking...

Here's an interesting comparison graph to consider.

Benchmarking the share price of PLL (and 4 others) against HLIT:CA (Horizons Global Lithium Producers Index ETF which seeks to track the performance of the Solactive Global Lithium Producers Index, by using full replication technique)
You can read more about the Solactive Index here
https://www.solactive.com/Indices/?index=DE000SL0DG03

I can't count how many times I've read over the past month about how all lithium stocks have been smashed and XXX is no different. Really?

Measuring from approx beginning of the year

Pilbara is the the Purple line and has returned ~+1.81% All hail the hard rock King
The Index is the Black line and has returned ~-19.14%
Piedmont is the the Blue line and has returned ~-21.9%
Albemarle is the Green line and has returned ~-31.4%

Sayona is the the Red line and has returned ~-55%
Piedmont is the the Blue line and has returned ~-63%

All the stocks are in the index itself.

I made this point before ... one thing in common between SYA and CXO is they both have an OTA with a ceiling price for a large part of their production, which I do believe does contribute to their lower RELATIVE performance. It doesn't explain away why they would perform ~2X the index performance. Mgmt clearly matters (IMO a significant drag on SYA and CXO).

"Oils aint oils" so says Sol (an old ad of the 70s)