And one of the alternative ' Industry ' options at the time was as mentioned in my attached previous post . And that was Ontario's Frontier Lithium .So not only could they have created a Diversified SECOND HUB in the premier EV production province of Ontario , they could have also spent the same amount of money of US 86.5 million ( C$110.5 million - A$120.1 million ) buying 60 - 65 % of Frontier who's SP at the time was 84 cents with a Market Cap of A$182.47 million ( C$166 million ) , and netted themselves a total return on the investment of C$150,345,500 ( A$165,214,285 ) . And ALL in just 8 weeks or the same time it has taken Sayona to record a loss in value of A$265.5 million.Even a 20% stake in Frontier which would have only cost them A$36.5 million would have netted them a A$51.71 million profit in just 8 weeks.But Nooo !! ....Lynch had to go out an BUY something like a little school boy who couldn't get the TOY he wanted back in 2017-2018 just because he had the value in his script and a bit of ' Good Will ' currency with his 24,000 Mom & Pop shareholders. So instead, he listen's to Pepé Le Pew ' and Co. ..... and ALL their tongue wagging about how good Quebec is and this Moblan project..... - which to me is starting to just seem like another Quebec ' Environmentally Challenged ' project that will take forever in a day to get up. Should have back Ontario and gone for it my friend.Ya so this missed opportunity and lack of foresight together with the botched Piedmont off-take deal makes Lynch the worst Lithium ' Deal Maker ' of 2021 ......And this is irrespective of his coup over NAL since there would have been many who knew far more than he did about that one ......PLUS , the Jury is still out as to whether it's any good or the Conversion Tech at that plant is all rubbish and outdated .....
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $329.3M |
Open | High | Low | Value | Volume |
3.2¢ | 3.3¢ | 3.2¢ | $1.098M | 34.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
114 | 18766849 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 5621461 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
114 | 18766849 | 0.032 |
56 | 22666106 | 0.031 |
99 | 16699843 | 0.030 |
27 | 2917938 | 0.029 |
20 | 3612903 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 5621461 | 19 |
0.034 | 6247983 | 21 |
0.035 | 14196810 | 42 |
0.036 | 4460379 | 31 |
0.037 | 2668013 | 15 |
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