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2.44%

4.0¢ sayona mining limited

Yes C&M is very much a last resort.Cheers Whisky

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Whisky49

13,335 Posts.

4522

26/04/24

15:52

Post #: 73527475
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Originally posted by tigere: ↑

A lot of folks are very naive regarding C&M. They assume a co just stops mining and costs magically go away; they dont. A company is liable for all sorts of termination fees for staff and contractors, all while revenue peters out as any stockpiles dwindle. As an example, CXO had to pay Lucas a $10 million termination fee.

Then, as the Li pricing gets better the company needs to ramp up, except that takes months from when the decision is made and more capital. Lots of emotional diatribe on HC. Entertaining but silly.

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Yes C&M is very much a last resort.

Cheers Whisky

SYA Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 4.0¢		Change -0.001(2.44%)		Mkt cap ! $422.0M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.0¢	$1.098M	26.89M

Buyers (Bids)

No.	Vol.	Price($)
72	5491222	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	3903627	53

View Market Depth

No.	Vol.	Price($)
73	5524876	0.040
55	13414686	0.039
46	11628371	0.038
34	6366770	0.037
25	3693755	0.036

Price($)	Vol.	No.
0.041	3926068	54
0.042	4726457	26
0.043	4829544	16
0.044	4853816	19
0.045	8955874	47

Last trade - 14.57pm 06/06/2024 (20 minute delay)


Last 4.0¢			Change -0.001 ( 2.91 %)
Open	High		Low	Volume
4.2¢	4.2¢		4.0¢	19054101
Last updated 15.18pm 06/06/2024 ?

SYA (ASX) Chart