Sayona Mining Ltd (ASX: SYA) shares hit yet another 52-week low today at 11 cents per share.
That's the seventh 52-week low for the lithium miner in the space of one month.
There's been no price-sensitive news from Sayona Mining since 2 August when the company announced its first revenue and shipment from its flagship North American Lithium (NAL) Project.
But the drift downwards just keeps going.
What now for Sayona Mining shareholders?
Well, investing can be a game of psychology, can't it?
Sometimes we need to just grit our teeth and ride out the storm.
For starters, all ASX lithium shares have been affected by falling lithium prices since late 2022.
Take a look at this chart below.
It shows that other ASX lithium shares have joined Sayona Mining on a downward or sideways trajectory since November when China ceased subsidies on electric vehicles and lithium prices began to fall.
Also, Sayona Mining is a small-cap share, which means its share price is going to have more extreme highs and lows over time.
There's been plenty of good news out of Sayona Mining in recent times, including a record quarter for production in June.
Its next shipment is already at port and ready to go to its joint venture partner in NAL, Piedmont Lithium Inc (ASX: PLL), under their offtake agreement.
For now, Sayona Mining shareholders simply have to sit and wait.
If you have a long-term view of your investments, and you only buy companies you understand and believe in, then it's easier to navigate these choppy waters.