Some real interesting comments from our self proclaimed Forum Father Figure.
When SYA made its bid for NAL its MC was around $25m, concentrate around $US400t and PLL helped them secure it , an OTA was part of it, there is no free lunch. There are endless wannabe CEO's on HC who think they might have secured a better lunch but they also might not have secured any lunch at all. We will never know so is largely a pointless discussion around ego's.
Like you Whiksy who seems to be a simp for the current BoD even when poor decisions have been made. Its not rocket science to want the managers of the company you invest in to make decisions in the shareholders best interests
75% of a mine ,a processing processing plant and refining assets that were put into production in record time already is considerably better than having Authier as your only small and isolated asset.
Why own a mine if youve made such poor decisions that you may never make any money but only pay for another company to make the profit you could have had
At 226,000tpa there is money to be made by both companies when profitable and the higher the price the more both make ,at the moment the OTA favours PLL, at the refining stage it favours SYA, at recent prices it favours no one, both partners need the plant running profitably
Do you believe that 226,000 is actually achievable now? Our Glorious BOD have come out of nowhere when not expected and lowered guidance so what you are saying is that SAYONA will never make money in its current setup? and before you say it was all BL's fault for the false promises the BoD must approve any numbers the CEO releases to the ASX. .
You need to get over the OTA, it's been known about for years by anyone investing in SYA and has basically enabled a foothold in the sector while there are many still struggling to do that.
You didnt know or pretended to not know why PLL had the offtake for 113,000 which was announced on the sly previously.
If anyone around here thinks they could do better there is a CEO position coming up for grabs but if one could do better you wouldn't be wasting time posting on HC.
What a Joke you are by saying this. People want this BoD to front up and communicate and hire an actual CEO not another PLL sympathiser
The price of spod is $US150t off its recent low and IMO that would be breakeven or better so very encouraging , but shipments need go through at that price or better from now on out and wont be reflected in the bottom line untill next quarter.
Our NAL DFS had a pre tax NPV of 2.2B at $1352USD while we don't deserve to be at that sort of market cap currently you cant be thinking that where we are currently at ( THE WORST VALUED OPERATING MINE and the only one in NA) is acceptable and has no reflection on our management.
Lets get past what the review throws at us first and then see where things are..
Look at the trend it will give you your answer to how the instos think we are going as they are in constant contact with our BoD.
Cheers Whisky
SYA Price at posting:
3.9¢ Sentiment: None Disclosure: Held
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