Not ' Salty ' at all mate. I traded AJM many time. In some instances I sustained trading losses , and in other instance booked profits. Net-Net I believe I was trade positive overall in AJM's journey and wasn't even holding when it got suspended so not as bad off as some were. I think my last dip on that was less than 200 thousand shares anyway...so not even my biggest trade parcel.
But that's ALL in the past now buddy . We're here to talk about Sayona ..., and where applicable Piedmont and its ability to pay its JV costs when they are ' Incurred ' ...which by definition means ' On-Time '.
So I'm going to agree to disagree with your statement that Piedmont doesn't owe us anything and stick with my assertions that it does at 30th June owe us MORE.
And mainly on account of some of the ' Choicer ' bits of these other parts of the Quarterly which also look to be conveniently left out of the discussions..... Particularly those HIGH LIGHTED below.....
" As discussed below, Atlantic Lithium’s completion of a technical study for Ewoyaa, along with the restart of NAL, were impactful to the consideration of how we most appropriately reflect our proportional share of income (loss) from our three existing equity method investments."
" We have determined this justifies a more meaningful and transparent presentation of our proportional share of income (loss) in our equity method investments as a component of our operating income. As a result, we have reclassified our share of income (loss) in equity method investments to operating income for all periods presented. "
" Our share of the income (loss) from Atlantic Lithium, Sayona Mining, and Sayona Quebec is recorded on aone quarter lagwithin “Loss from equity method investments in unconsolidated affiliates” in our consolidated statements of operations. "
" We did not participate in these share issuances, whichwere issued at a valuation greater than the carrying value of our ownership interest.As a result, our ownership interest in Sayona Mining was diluted and declined. "
One thing is for sure though , if there was ONE single stock that I wouldn't want to be holding the overnight risks on ....it would be Piedmont.... Looks like you might have backed in the wrong one this time.....
SYA Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
Particularly those HIGH LIGHTED below.....
" As discussed below, Atlantic Lithium’s completion of a technical study for Ewoyaa, along with the restart of NAL, were impactful to the consideration of how we most appropriately reflect our proportional share of income (loss) from our three existing equity method investments. "" We have determined this justifies a more meaningful and transparent presentation of our proportional share of income (loss) in our equity method investments as a component of our operating income. As a result, we have reclassified our share of income (loss) in equity method investments to operating income for all periods presented. "" Our share of the income (loss) from Atlantic Lithium, Sayona Mining, and Sayona Quebec is recorded on a one quarter lag within “Loss from equity method investments in unconsolidated affiliates” in our consolidated statements of operations. "" We did not participate in these share issuances, which were issued at a valuation greater than the carrying value of our ownership interest. As a result, our ownership interest in Sayona Mining was diluted and declined. "Looks like you might have backed in the wrong one this time.....
(20min delay)