General Discussion Topics, page-33386

And one of the alternative ' Industry ' options at the time was as mentioned in my attached previous post . And that was Ontario's Frontier Lithium .

30/09/21

09:49

Post #: 56455701

So not only could they have created a Diversified SECOND HUB in the premier EV production province of Ontario , they could have also spent the same amount of money of US 86.5 million ( C$110.5 million - A$120.1 million ) buying 60 - 65 % of Frontier who's SP at the time was 84 cents with a Market Cap of A$182.47 million ( C$166 million ) , and netted themselves a total return on the investment of C$150,345,500 ( A$165,214,285 ) . And ALL in just 8 weeks or the same time it has taken Sayona to record a loss in value of A$265.5 million.

Even a 20% stake in Frontier which would have only cost them A$36.5 million would have netted them a A$51.71 million profit in just 8 weeks.

But Nooo !! ....Lynch had to go out an BUY something like a little school boy who couldn't get the TOY he wanted back in 2017-2018 just because he had the value in his script and a bit of ' Good Will ' currency with his 24,000 Mom & Pop shareholders. So instead, he listen's to Pepé Le Pew ' and Co. ..... and ALL their tongue wagging about how good Quebec is and this Moblan project..... - which to me is starting to just seem like another Quebec ' Environmentally Challenged ' project that will take forever in a day to get up. Should have back Ontario and gone for it my friend.

Ya so this missed opportunity and lack of foresight together with the botched Piedmont off-take deal makes Lynch the worst Lithium ' Deal Maker ' of 2021 ......And this is irrespective of his coup over NAL since there would have been many who knew far more than he did about that one ......PLUS , the Jury is still out as to whether it's any good or the Conversion Tech at that plant is all rubbish and outdated .....