We have just had 3 months of accumulation with good volume at an average (heavily discounted price) of approx. 6cents/share. The accumulation period is a low from the last high and approx 30% higher than the last low it is providing a strong support base to launch to the immanent next high, which will be higher than the last high.
The price will not stay further discounted for long. It’s hard to pick the optimal entry and exit levels but if you have patience to hold for a relatively short time you will be handsomely rewarded. This is accumulation period, next will be company value adding period with a raft of good announcements and project milestones on the horizon.
Investors are getting on board, nervous nellies will sit on the side lines and express their worries and then kick themselves and say ‘
I should have just bought, I would have been slightly down, but not for long and look at the price now, should have’.
The strengthening SYA team is ticking boxes in regard to the major focus of fast-tracking the
development of the
near term Authier project. Lots of interaction with the local community indigenous land owners and the broader community. We have an environmentally conscious team who are keen to establish good relationships, minimise impacts and enhance the benefits for all.
Measured high grade JORC
Mineral Reserve upgraded, continued tenement exploration to further increase reserve which is open in all directions, strong interest from potential customers and investors, oversubscribed capital raising compete, and some smart money big dogs as substantial shareholders.
Pilot plant operations should now be compete. The collected Reserve Mineral samples required for the DFS Metallurgical study should now be processed into 500 kg of spodumene concentrate for downstream testing and marketing purposes. From this we will obtain data for final plant design, optimisation and construction. Expect to see concentrate grades of 6% at metallurgical recoveries of 80% and further customer and investor interest.
DFS to be complete within the next 8 weeks. The full scale construction, operations and optimisation will now become the focus. Procurement of long lead items will commence.
Further exploration and considerations going into WA projects with value adding announcements on the horizon.
Lithium sector sentiment seems to be swinging back towards Bullish. This is because most people have done their own research after the recent unethically scare mongering by certain institutions and can see that the reason to cast doubt on the future of the sector is to keep the spot prices and stock prices restrained to allow them to transfer billions of petro dollars across to the lithium sector. If they do not restrain the prices we would see massive gains and that would not allow them to accumulate at the prices they want.
Its exciting times and this is a great company to be invested in. The next couple of years is going to provide reward for those patient long term holders.
May I suggest all of us long term holders help the company by taking five minutes to ensure our own shares are not used against us to short the very stock we are invested in, read this link to and reduce the amount of shares available for shorting
http://www.contracts-for-difference.com/Borrowing-lending-shares.html
Best of luck and DYOR
Cutta
and i'm not buying more unless below 51 because i still able to buy some through placement.... and mostly i got no extra cash unless i sold my other share which i am waiting to bloom as well.
(20min delay)