SYA 3.70% 2.6¢ sayona mining limited

General Discussion Topics, page-142544

  1. 4,427 Posts.
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    I am still here. I have not sold, I actually have bought substantially more in the past 6 months. I remember when @mollaj and I and a few others were the only ones on this HC thread daily. He used to say in for a penny in for a pound and kept on buying even when the SP was falling to greater depths. We had a pittance of what we have now and not much in the way of a story TBH, but we all believed in Sayona.

    Sayona will need to weather this storm but I feel confident we will, we are at nameplate, costs are coming down (although it did not show on the last quarterly) We have 90 million in the bank and even if we have a slight 5 million loss per quarter we are still good for multiple years. Low prices have never lasted for ever and neither have high prices.

    I don't think LD would have accepted a position as CEO if he felt we could not pull through, why would you want to destroy your work profile if it was a huge risk.

    Our group is still kicking and while we have concerns about the price of lithium, and when will costs come in line with our efforts ( I think very soon), we are still confident in the decisions we have made as investors and where we believe we will be in the next few years. Don't get me wrong, I think we have a few more quarters of pain before prices rebound any, but the longer term story is still very much the same as it was in 2021.

    I had always believed 2025 would be the year that Sayona started to mature, you can likely find posts of mine dated way back where I talk of 2025 being the year, I could be off by a year or so but I still feel by 2026 we will be in a way better place than we are today..

    Everyone has a different journey here, do what makes the best sense for your personal situation and be happy in knowing you made the best decision for you.

    GLTAH

    Split.

 
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