I think the bottom line here is that if Sayona is going to be successful over the next 2 years they will need way more money than this, one of the easier ways to get some of those $$ is to unlock the options that are lined up like dominoes. The 2nd is via a JV partner @ NAL and the 3rd is via WA. I think we are seeing each of these areas being explored by management. Having Evercore on the team searching for great deals will help immensely.
@nkat2007 - I also believe this is a powder keg ready to blow. If we get any positive news on BAPE or on NAL, we will blow by .03 so fast your head will spin.
Ann: Placement to U.S. Battery Metals Investor Boosts Expansion, page-19
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