"Priority will be given to advanced-stage projects capable of demonstrating significant financial and technical readiness."That sounds like quite a good reason for a 'random' $200m capital raise to me....
Nothing of what they are doing is 'random', they have not just 'randomly' acquired a brownfield lithium min and concentrator and got it up and running in under 2 years during covid and high inflation with ZERO debt. They have not 'randomly' picked up 60% of Moblan which is now rapidly becoming one of the largest and highest grade lithium deposits in North America for under $100m, along with taking 100% ownership of the massive Lac Albert and Troilus claims surrounding it, along with an ownership stake in Troilus, along with buying up the Jourdan claims and stake in said company also. All the while with NO DEBT, while NAL appears to be already running at near nameplate and they continue to develop Authier with Tansim in the back pocket.
They've done all of this in less than 3 years.... but yeah, they're idiots, clueless armchair warriors on an internet forum can to better, they need to go, they're useless, no idea, blah blah blah.
Absolutely hilarious. If you don't have confidence in the direction of a company, as an investor you can sell and invest elsewhere, but I think that would be rather foolish move here personally.
They WILL secure a strategic offtake, they are taking NAL downstream and will develop Moblan faster than any of our James Bay competitors who are years behind and don't have the boots on the ground or local connections and know how that we have. They are growing the roots for a mighty tree to emerge faster and sooner than many think imo.
They've done an incredible job when you actually stop, quit the BS and look back at what has been achieved.... Yes we've had dilution, but that's why we HAVE NO DEBT. As we start raking in the revenue from this month onwards, that free cash flow is going to start looking rather nice. If they consolidate further down the track and obtain gov funding and strategic partner funding to take us downstream at Moblan, well, people will look back in a few years and laugh at the absurd comments made here.
I'm not worried about where Sayona is going. Again, I will stress I voted no to resolution 1 and 2 as I think the timing and optics of that were very poor, but be under no illusion that BL doesn't know what he's doing or have vision to take Sayona to be a global player.
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