SYA

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3.5¢ sayona mining limited

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DifficultLife10

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27/01/21

18:17

Post #: 50480242
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Originally posted by Silent-Bubbles: ↑

My first thoughts are the same C$9.5 million is a lot of C&M and continuing legals expenses for what hopefull represents the the final 8 week leg into a final conclusion and outcome. This is quite extraordinary burn rate when you think that this 8 weeks estimated expense is almost as much as the entire market capitalization of Jourdan Resources. So it's getting ridiculous now.

And this is after they have received $250,000 from their Insurance Brokers for a claim in their favor as well as a further $209,000 from the Ministere des Transport du Quebec which was " pledged for roadworks around NAL's mining site " . So that's almost another half million dollars consumed by this process with hopefully some improved infrastructure as a bonus to the project overall.

The situation is starting to get just a little bit untenable on a continuing basis in so far as what is being ' Clocked Up ' . But I do suppose we are talking about an Assets which has had circa C$400 - $450 million spent on it over the last 10 or so years. Far more than any individual Creditor apart from the Quebec Government itself.

And it's interesting how ALL the ' Sharks ' have come out out of the woodwork now that the Lithium market seems to have some upwards momentum and some additional North American market clarity.

At least SYA has been there ( in Quebec ) all along so they know it well , and have been a very staunch supporter of Quebec's Lithium ambitions and objectives. They are not just an opportunistic ' Blow In ' who has not worked closely with the community....even though Eric Sprott is Canadian. We have some very good Quebecers and French Canadians onboard our BID as well.

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I am a little confused on this:

Acceptance of one or more bids?
Are they going to accept 2-3 bids and then play them off?

SYA Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $360.2M

Open	High	Low	Value	Volume
3.4¢	3.5¢	3.4¢	$1.607M	46.41M

Buyers (Bids)

No.	Vol.	Price($)
23	4668541	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	2167024	9

View Market Depth

No.	Vol.	Price($)
22	4653718	0.034
103	19015260	0.033
80	16816668	0.032
44	18703993	0.031
84	26388868	0.030

Price($)	Vol.	No.
0.035	2167024	9
0.036	4339255	18
0.037	3262537	15
0.038	4672527	16
0.039	2506567	16

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General Discussion Topics, page-569

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