SYA 7.14% 2.6¢ sayona mining limited

I'm a long term holder- I'm pissed off at the way this...

  1. 1,372 Posts.
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    I'm a long term holder- I'm pissed off at the way this announcement leaked to AFR, I'm annoyed it was done at 15% discount and I'm annoyed PFS is late. That said I'm holding because the intention was to always blend authier ore and this was a totally different strategy to anything that went on previously. Sure the ore body is complex, however the additional storage facilities, increase ms railings area and upgrade of crusher circuit and backup electric all seems like a quite prudent spend. PS 3k or Ore produced in March, 7k in April..... I guess 14k May, 28k June etc. 180k of on ROM also and stock piles at port. Thats as good as cash in the bank.

    PLL off take will likely be loss making for first six months, until ramp up is finalised. What mining company makes money in first 6 months - are there any?
 
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