SYA

2.94%

3.3¢ sayona mining limited

General Discussion Topics, page-569

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DifficultLife10

2,375 Posts.

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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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(20min delay)
Last 3.3¢		Change -0.001(2.94%)		Mkt cap ! $339.6M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.3¢	$1.174M	34.93M

Buyers (Bids)

No.	Vol.	Price($)
21	1901251	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	5629468	15

View Market Depth

No.	Vol.	Price($)
14	1429373	0.033
51	9717020	0.032
30	9597506	0.031
61	10178798	0.030
45	7023480	0.029

Price($)	Vol.	No.
0.034	5562802	14
0.035	9295236	19
0.036	11731593	30
0.037	10632447	34
0.038	13876115	31

Last trade - 16.10pm 11/10/2024 (20 minute delay)

SYA (ASX) Chart

General Discussion Topics, page-569

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

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Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Cauldron Energy reports "excellent" uranium assays in latest drill run

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Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General Discussion Topics, page-569

Top Stories

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News