Seems the main problem in the conversations currently is the fact there are a number of ' themes ' generating comments and ideas which filters through to general discussion - which is what an investment forum is supposed to do. But then the discussion reverts to this ' one upmanship ' posturing and slagging others instead of remaining productive.
And trouble is though, is you get ONE particular poster who always appears to have this history of BOTH beating his chest on how good he is , how great of an engineer with all his mining experience is etc...... but at the same time almost always targets certain other posters in posturing his posts in a way that disparages the Company , the other posters , and definitely endeavors to spin his verbatim in a ' Negative ' way when it comes to the perceived ' Net Benefits ' of whatever the news is that is being discussed.
So whether its was when they come to this forum with unsubstantiated and unresearched comments regarding Sayona's Tansim project where they stated it wasn't even a project and had not single hole drilled , or whether it was that Sayona's Moblan project had had no studies done and not even a defined resource , or whether it was that the NAL PFS was deliberately misrepresented to its readers with numbers which have since required them to backpedal on and agree that the PFS in fact has set up BOTH the other company ( PLL ) , and Sayona in a favorable and strong position . The fact that they stated these comments earlier means that they are NOT as experienced as they purport , and obviously have an agenda every time they chime into the conversation.
But I draw the line when a poster like this endeavors to misrepresent myself by alleging that I am the poster who stated ' inaccurate ' comments when in fact I did not.
So even in this instance , this poster through the more recent narrative of the ATM is endeavoring to paint a picture whereby this organisation Acuity is someone engaged in and contributing to the much despised activity of the continuous perceived BOT activated PIP trading that goes on day to day.
So the very thought of this going on for another 3 years would no doubt annoy and even ' spook ' investors with a perceived negative notion of this contrived activity.
So while the suggestions that it is great is almost overshadowed by this more subtle inference which is suggesting the overriding controlling aspect at their ( Acuity's ) disposal through the collateral shares is to PIP trade them and perhaps keep them held in a valuation range which allows them and perhaps only them to execute this sort of strategy against their 250 million share holding balance.
So coming back to the many themes which we as investors in the stock have every right to flesh out in the open and discuss back and forth with each other in a free of personal attack sort of manner.
So firstly we know that Sayona can now raise additional capital up to the maximum agreed amount of $200 million.
We also know that this limit had only recently been increased from $15 million to $50 million on 1st March ( as per the attached Corporate Update comments made at that time ). Following the release of that announcement which included the JORC NAL update , the SP was 12.5 cents , and subsequent to that and only 4 weeks later on the 31st March the SP was closing at 24.0 cents. An increase of 92%. 20 days later and predicted by Easter , the SP traded up another 62.5% to 39.0 cents and only 1 cent shy of the previously predicted share price call.
We know the Acuity facility was only activated by Sayona on the 30th June 2021 when they ( Sayona ) issued 95 million shares at 6.1 cents and where the SP proceeded to appreciate to a consecutive high of 16.5 cents only 8 weeks later by 31st August 2021.......an increase of 270.5% .
We also know that from there was only 1 time where the Acuity Top 20 balance exceeded the collateral holding balance of 95 million at a Top 20 official reporting balance date which was on January 31st 2021 when they reportedly held only a mere 53,322 more than the 95 million . Then on May 6th 2021 and September 10th 2021 , they held ONLY 95 million in each of those Top 20 official reports put out by Sayona.
So we know at least that if Acuity was indeed ' Trading ' their Top 20 allocated shares , they have almost ' Magically ' ben able to land their balance exactly on the 95 million balance with ZERO obligations or expectations that as a related party they should ADD or SUBTRACT any increases or decreases they would effectively own or be in deficit of against that ' Collaterally ' held balance.
So can we then assert either way from this information that they are ' Actively ' trading their position or are they more positioned from a ' Set and Forget ' posturing. Because they can't really be BOTH right ?......
So let's assume they have been ' Active ' , can we assume that from what we've shown in the figures that they have indeed played at least a small role in pumping the SP to those first initial heights and then the run up from March to the ALL TIME HIGHs. So in this case , did they then see the whole Macro event unfolding together with the somewhat added blindsided GS reports and get caught ' flatfooted ' on their trading parameters ....or did they participate in the ' Short Selling ' and backpedalling to preserve their trading profits ?
So if it was the ' Latter ' and they got caught out as many probably did ( except my Broker who may or may not be acting for them ...... ) ....., its know wonder after potentially seeing and locking in the bottom that they want back in with an effective almost a 3 parts to 1 leveraging of the facility from 95 million to 250 million . I mean this would allow you to participate in any ' MASSIVE ' expected return to the former SP highs and beyond type rally which you would again they ( Acuity ) will be part of.
And looking at it from the opposite angle - Why would they ( Acuity ) want to utilize such a MASSIVE increase in their own position by ' Shorting ' or PIP manipulating the SP . It's kind of synonymous with biting the hand that actually feeds you.
So to me , the timing of this deal when you consider it was virtually almost 2 years until Sayona actually activated the initial agreed facility with Acuity . And after already increasing the facility 300 % in March from $15 million to $50 million , they again increased it only 4 months later by another 400% ...... So to me the timing of this matter almost looks as though it has a ' Double ' edged benefit for Acuity.
And that is that not only does it look like a ' Get out of Jail free card ' being given to them courtesy of their SOLID and good standing relationship with Sayona , but also why would you go from $15 million to $50 mill , to $200 million in the span of only 4 months if you DIDN'T have any intentions of potentially requiring it in some manner ...be it a deposit or commitment of some sort in ' converting ' the equity capital to an asset or assets that you can then further leverage the Company in obtaining potentially complementary ' Debt ' financing.
So to me , the real question is that being such a ' Material ' increase in the obvious ability of Sayona to raise additional equity capital ' at call ' - Do they ( Sayona ) , or is the intention by them to raise more capital in more a piecemeal way or in a more Holus-Bolus manner. Why would you need so much if you didn't expect the requirements to also be BIG.
And so is this raising activity something we can expect sooner than later , or is is more a case of having it in place for the longer term horizon of 2024 - 2025 .....in which case why do it now ...unless they need to have ALL manners of financing and equity raising's put to bed as I have previously stated , and which are somewhat of an expectations if not requirement by Quebec before you can go ' Cap and Hand ' in successfully receiving any substantial amounts via Quebec Government funding.
And I can't see Sayona as being exempt from Quebec's standard procedures which are well documented on various websites of their funding authorities.
So I guess the final question becomes whether Acuity starts to push the ' Buy Side ' in any material way before they receive their additional 155 million in collateral shares which require Shareholders approval. They still have their 95 million ( we think ) which may or may not be in deficit to them . So in either case , I would think they will get BUSY on the Buyside BEFORE they can effectively receive the additional collateral shares.
So I guess my point in all this along with others who are making observations on other posters ' Agenda ' in their narrative is that the HUGE left field increase in the Acuity ATM ' equity ' funding facility to Sayona is NOT all doom and gloom. If anything , it looks to me a strong catalyst again for the run on the SP and a push by Acuity to recover a potential adversely affected previous position.
Who knows , but according to their Home Page website ( which we can assume is more or less up to date ) , the Sayona deal still represents almost 30% of their reported standby credit that they purport and hold out to the market via their website. And I would have thought that being in the area of Finance and Funding , they Acuity would have a ' Prudential ' requirement to update their website with whatever the latest accurate details of their operations are. And we could easily check this out with ASIC or APRA any time we want.
So again , it will be very interesting as to how the Market ultimately interprets , anticipates , times , and builds into this very much expected now run up in the SP.
(20min delay)