SYA sayona mining limited

Ann: Amendment to Merger Agreement with Piedmont Lithium, page-148

  1. 13,891 Posts.
    lightbulb Created with Sketch. 4845

    Your correct in saying that selling a product for less than it cost to make isnt smart. However they arent doing this on purpose mate.

    That pretty sums it up Norbeto, the option is C&M and any shareholder who reads should be well aware of the path they have chosen , the reason for it and how they are going about it and have had plenty of time to make their own decision around holding or folding.

    Both options carries risk, its a junior miner after all and thats another way of saying high risk, the World is littered with failed mines with NAL having been there twice already...the reward side is diminished through dilution but you can't have it all, you either survive the cycles of commodities or you don't.

    The old adage that a mine is a hole in the ground you pour money into still remains and sometimes a lot of money can come out but certainly not before a lot is put in first.

    Cheers Whisky
 
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