SYA 0.00% 3.3¢ sayona mining limited

General Discussion Topics, page-129729

  1. 13,416 Posts.
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    Well now that the quarterly is out of the way its become clear to me as it always has been that the company is not run by a bunch of incompetents or those who don't have the companies future as a focus, they are simply dealing with getting the company through company threatening concentrate prices by working on what they do have control over, which is costs and production performance. That $200m CR has kept us in the game and bought us time.

    JB has a better understanding of the effects Volotility can do to an emerging company than most, its why we are not in debt and trying to live within our means not get over extended, boring but necessary.

    it's a no nonsense warts and all update that overall has more positives than negatives IMO but untill concentrate prices rise to exceed production costs then it remains tough going and its really no more complicated than that, the price of the product you sell is everything, cost cutting has limitations and talks of expansion are pushed out further

    Don't expect hand holding from JB, just notification of material events when they occur. We have a few of them of them coming up, mainly around drilling results and studies but the most important for the bottom line is the operational review, it deals with now not projects that are years away from any revenue but require significant funding to get there.

    We are already a month into the March quarter and spot spodumene prices have continued to slip during that time although Lithium Carbonate prices have shown some green recently , one eventually follows the other..

    As we know a lot can happen in a year and this year is unlikely to be any different , its just a pity we have to wait a year to find out what happened...

    Cheers Whisky
 
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