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Megafauna

17,603 Posts.

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30/12/23

00:22

Post #: 71664993
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Originally posted by UndR8ed Cat: ↑

One thing i have failed to mention so far since being at the AGM is the overwhelming stench of confidence that JB and Dougal perspired after the meeting while being asked about offtakes and Moblan. Almost like they werent too fussed about being berated about lack of comms or corporate governance because they have this "Marlin" already circling the boat and they know they have something that will shut us holders up indefinitely, just around the corner. The repetitive talk about the "really good relationship" we apparently have with SOQUEM and and I.Q (god i wish i could remember the name of the guy at I.Q that JB dropped)

I asked JB the following question:

"How are you going to ensure that our (SYQ's- not PLL's) spod is the first cab off the rank when demand returns?"

JB's response was "by offtake agreement". As simple as that. That coupled with the responses and the hype surrounding Moblan... could it potentially be that the offtake that they were after was more about Moblan than NAL? Is that the reason we dont have one yet?

The way things are nowadays, lets say an interested party wants to be part of Moblan.
With an initial investment, we could supplement prospective client with 2.5 years of concentrate from NAL, up until the feedstock will be required for Carbonate, whilst commissioning a Moblan concentrator in line to an integrated Hydroxide refinery, with our JV partner(s) providing funding to accelerate the program?

Im sure there are a few ways we could get this job done. And if it werent for the fact that i dont feel JB could swing a d*** this big on his own, i would have been even more confident in saying that something was already in foundation.

Either way i'm not convinced that we have seen NO interest for potential partners in what we have now and will have by end of Q1 24.

Happy last day of trading and i hope it stays green for us.

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If there was a strategy to make SYA be “bigger, faster,”which of the following options would you choose:

1. Develop the mine and concentrator at Moblan?

2. Expand operations in and near NAL?

SYA Price at posting: 7.1¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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