OTCQB:SYAXF - Post by User
Post by
MaterialsManon May 26, 2023 9:07pm
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Post# 35466844
Good or Bad?
Good or Bad?SYAXF announced today a done deal to raise 200 million Australian dollars to help speed up production in North America, and expand the resource.
Some investors hate to see dilution, hence the drop in SP.
Personally, I think that getting product out the door and into the pipeline in order to bring in revenue sooner than later makes sense.
No company in North America is even close to being ready to produce the amount of Lithium concentrate that North American Lithium can supply to the EV industry starting now.
I plan to buy more on the dip.
Every ton they produce has a home waiting. All other suppliers will be playing catch up.
I feel that this operation is the biggest sleeper in the North American lithium supply chain.