Ann: A$200M Placement to Speed Quebec Lithium Production, page-41

Good observation. With a company attempting to grow at breakneck speed such as Sayona is doing the tank landmine they risk stepping on is a sudden cash crunch of some form. Plenty of promising companies with a head of steam up have crashed and burnt for this reason.

I don't think Sayona is facing such a threat right at this moment but of course if you've already stepped on that landmine it is too late to react. Disappointing that they did the cap raise before releasing the report on the carbonate plant, or giving out news about NAL offtakes and of course 23 cents would have caused less dilution than 18 cents but I don't mind that they are willing to cause this pain to ensure they have sufficient liquid assets to stick to their extremely aggressive plans.

Probably a refresh and upgrade of the Board is also a good thing.