General Discussion Topics, page-90545

Or just maybe in light of the recycled 2019 rumors of Tesla having a tilt at Sigma Lithium for what amounts to 15 times its former valuation ...... or maybe its because Gator Capital out of Toronto saw fit to make its bid 30% higher for Chengze Lithium's 19.35% forced ' Divestiture ' stake in Lithium Chile Inc.

Or maybe it's just the Market overall sees the cumulative 32 ish percent re-trace of Sayona SP since 30th January ( or 1 day before release of Sayona's Quarterly report ) as a little bit overdone considering the DOW is only down 1.74% over the same period and excluding last night performance was actually up .33% over the same journey.

So maybe just maybe the Market feels the strong sense of ' Oversold ' territory when Sayona has given up 18.4 times more than the US's main DOW index.

And especially so given the SP has hardly even recognized the Moblan valuation which was added in October 2019, at time when the separation of valuations between Sigma and Sayona actually began.

Everything hinges in my opinion on whether Moblan can deliver on its results. Until then we ' Pop ' around the key price points of 22 - 24.5 cents with a spike to 27.5 if we're lucky. And I'm o.k with that because that is what I expect to be a very very short time-frame in terms of the life of a stocks SP performance in the Market . And that's even in a recession.

Remembering we paid close to A$190 million ALL UP for Moblan and surrounding areas. And that doesn't include the close to $20 million in exploration . So over $200 million . So you want .......NO you NEED to get a return for this investment. And that my friends is the simple fact of the matter , and why the Markets are shall we say ' dubious ' at the reporting and delays surrounding such a HUGE commitment here.

Now it may be that we do like I've said a deal with Rio , or Sumitomo Minerals Canada ( ie with Kenorland ) , or ArcelorMittal ( another Iron Ore player where we have picked up a lot of Executive experience from ) . So whether we do some sort of near term ' offsetting ' transaction with another party here to claw back some of the more recent approximate $60 million further commitment will be what the Market is wanting to see with respects to this Moblan JV. That or at least some outstanding stellar results to back up their former claims of being the LARGEST hard rock lithium producer in North America to more recently the ' LEADING ' hard rock producer in North America.

Can't see why we can't be BOTH . But maybe someone else is actually knocking on the door as to being the LARGEST. And that is the risk you take I guess in trying to understand the market reaction to you investments.

Lets hope we can actually achieve BOTH those titles eh. I think we can. They seem to think they can from recent comments . And its gonna be very interesting in the Northern HUB with respects to various potential BYPRODUCTS as well...... And just bye the bye , the Greensbush's of the North comment did actually come from this particular District , and in actual fact it was Nemaska who stated this comment in regard it once held and acquired Sirmac Property to Moblan's & Lac Alberts West which was sold to ABE Resources which became Vision Lithium. And it was loosely based around came from some 2.98% Li20 grades which came from some shallow drill holes and which these sorts of grades hadn't been seen from a hard rock deposit since those discovered at the highest graded hard rock deposit in the world being Greenbushes.

Interesting though back then that ABE and Nemaska were actually aspiring to become a ' World Class ' deposit like Moblan. So that's where it came from folks. And we know now that there are other Quebec and Ontario deposits that also have fantastic grades at thicknesses and depths.