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1.52%

3.3¢ sayona mining limited

Ann: C$50m Raising to Advance Quebec Lithium Projects, page-92

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pickalmickal

125 Posts.

1

07/03/23

11:43

Post #: 66641251
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Originally posted by Silent-Bubbles: ↑

The main point here should really be about the fact that they ( Sayona ) have ALREADY spent and accumulated the applicable eligible CEE credits on their balance sheet and therefore it is just like redeeming them for a part of the exploration Dollars already paid for. And for thiS reason and this reason alone it makes sense to use them in this manner to as you say ' expand ' the resource base of the Company across its tenement land holding packages. It takes dollars to do that .

And when you are an emerging producer with all kinds of other expenditures , it makes even more sense to do these continuous resources expansions with ' Other Peoples ' money. At least until March 31st 2027 when the ' Super ' flow through additional 30% tax credit ends. Its either that or use it against profits. However with everything that Sayona has in front of it in terms of ' other ' eligible deductions of MASSIVE plant and depreciable assets , it makes more sense to pursue the exploration expenditure needs of the business in this manner because they do not include ' depreciable ' assets.

And so they know what they are doing.

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Love your work S.B

SYA Price at posting: 24.8¢ Sentiment: Hold Disclosure: Held
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Last 3.3¢		Change -0.001(1.52%)		Mkt cap ! $329.3M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.2¢	$117.6K	3.575M

Buyers (Bids)

No.	Vol.	Price($)
66	15042206	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	1387693	26

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No.	Vol.	Price($)
67	15042406	0.032
37	10683321	0.031
65	9108384	0.030
52	9664767	0.029
39	8396004	0.028

Price($)	Vol.	No.
0.033	1386146	23
0.034	11683877	32
0.035	11218728	32
0.036	11841325	31
0.037	10410049	34

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