SYA 0.00% 3.2¢ sayona mining limited

Ann: Controlled Placement Agreement Share Issue, page-19

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  1. 12,898 Posts.
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    What do you mean Clues ? If you are referring to the 3 year Pilbara Tenements JV where they were suppose to contribute by spending $1,500 and drilling at last or 2,000 meters I believe across two of the tenements , you only have to look to our accounts to see that they have spent or repaid fourth fifths of ' Nothing ' . Therefore I wouldn't think they are entitled to retain the JV as it wouldn't be a priority for any ' New ' player taking over the reigns.

    However if a ' New ' player were to insist that the arrangement stands , then of course this would have an obvious positive effect on SYA's SP.

    If you are referring to you ' were there any clues ' comment being in regards AJM's operations in general , I think there were some early signs that they're treatment of Receivables and Inventories were somewhat ' Dodgy ' as far back as December 2018 in their half yearly reported movements.

    All will be revealed to the media in due course I would suggest. And that part will not be good for SYA due the cross shareholdings , and Key person stakeholders with AJM.


 
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