SYA 6.25% 3.4¢ sayona mining limited

Ann: MD Update -Sayona Backs Quebec Plans to Boost Lithium Sector, page-14

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  1. 18,525 Posts.
    lightbulb Created with Sketch. 1009
    Those rights are for the current issue, the rights to buy at .8c with half an option attached. They are not an option to buy a share down the line. A slight difference.
    No sugar coating. This is very much a spec stock but a better spec than many around. It is because it, as you say. has a paltry amount in the bank that this issue is current. That's what little spec companies go through before they start to produce. That paltry amount you Quote as $408 is actually shown in the half yearly as $407,265. Not quite as paltry as you suggest.

 
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