General Discussion Topics, page-109086

I think the reality here was that the SP was always going to have its ' Pants pulled down ' on account of the poor communications , obvious lags in times and gaps to allow further uncertainty to pervade through the Investing community.

Saying one thing and doing entirely the opposite vis a vis the expected DFS v PTS , the lack of updating proposed investment in Dry Stack and tailings which is now over a year when that is exactly what the market wants to hear see: Sigma's announcement of their FIRST spodumene shipment.

And this had ALL been going on as far back as before March this year when I took my decision to reduce around mid - March and re-deploy elsewhere.

But as I said in my early post today, and where I was not ' picking a fight ' with anyone , but simply making a joke about the ' Patience ' v ' Patient ' misuse.

However what I said is that for those who can , try to remain calm , take note of all of what's going on around you , and definitely keep your voting ' Powder ' dry for the next AGM where if we want , we retail can still remove and cleanse the BOD if we so wish. And we proved we can do this by the results of the EGM resolutions 1 & 2.

And I'm really starting to agree here that we need to at least jettison Brown & Buckler now. They are a dead weight and carry too much market perception of ' Failure ' . Especially as I had stated earlier in the month or late last month in that - if they don't take up their 15.0 cent Director's options granted previously for FREE ....and thereby not only making the shareholders look stupid on the EGM vote , but also indicating their unwillingness to support the company with the $6 million working capital .........Then they must resign and free up the positions for people who can actually steer this company towards success.

They are tainted in my opinion and the only credit of success they had achieved previously was to run AGM into the ground by behaving like a Chinese stall holder at a market who undercuts everyone else until the market basically collapses . They were never going to win that price war with PLS ....a fellow Australian Company.

So their legacy was to drive that Company into the ground with high ' Junk ' style debt and sell their product below marginal cost of production. At least part of that sounds at least familiar now. I mean they are also involved in LRC ( Lithium Royalty Corp ) , so I feel there is some success there . But even that , what was their end game with that. To basically leverage themselves into a position whereby they hold a Company like Sayona over a barrel and then come in and Mop up the crumbs for peanuts again when they drive it into the ground.

Something definitely is not right here at the present moment. But they definitely need to go if they are not going to walk the talk with their hip pockets in tipping in the working capital of the Company they are charged with running and representing to the market.

Anyway , these are my thoughts currently at the moment And I never actually thought it would come to a point that I could say it ,....... and that is that not only am I thankful I made that decision back in March to jettison a portion of my SYA holding , but also think even more so now than I even did then , that money can better be spent elsewhere in the Market at the present moment. I will continue to hold the amount I have , and will definitely be looking to initiate further buying interest now that it has hit that 15.0 cent level.

Interesting that CXO gets smashed essentially for the fact that its cash cost are much higher than even its US $951dmt FIRST sales announced back in Oct 2022 ......, even after having to give up between 8 & 10% royalties off top line revenue PLUS a further 2.5% royalty on gross revenues to LRC.

So that's 12.5% potentially OFF the top of any agreed sales price before you even look at their costs which exceed $1,000 per tonne and as high as over $1,200 per tonne. Yeah so no wonder their SP gave up 17.24% today.

And so our quarterly should be very revealing when you start to unpack the production figures to the end of June together with our own SALES profile when that actually eventuates. Sort of the Horse before the Cart at the moment which is why the Market is perhaps factoring the worst before the actual outcome becomes known.

Therefore I would be the first to acknowledge that it would seem to be a tough ask to be able to see 30 cents by end of July from where we are now. However , I have seen stranger things happen in the market and even if it were 1 week or 2 after that , I would still claim it. So it could happen , but it really needs the following to occur in succession as follows : - a. ) Directors need to convert ALL 15.0 cent options as gifted previously ( not likely at this stage , b.) we get some favorable top line revenue guidance from our FIRST sale , and c.)we get some decent comparative production expenditure actuals from our Quarterly which the market seems to be factoring in the worst.

Best of successes whatever all your strategies are.