SYA

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3.1¢ sayona mining limited

I think they have a lot of flow through they have to spend in...

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2098lithium

17 Posts.

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14/06/24

08:06

Post #: 74308588
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Originally posted by Whisky49: ↑

if they're continuing exploration and are underfunded to do so that'd be a massive concern.

Of course but these things are signed off by the BOD who are are also responsible for maintaining a strong balance sheet. Some of the same board that raised $200m thats kept us afloat and are regularly bashed for doing nothing for the company.

There is a good chance that this drilling is been done using the flow through funding we obtained last year which is earmarked specifically for drilling ( although this drilling is more expansion and possibly infill than exploration) however that doesn't take away from the fact that its still spending. We are also in a JV at Moblan so that carries some obligations and cost sharing.

JB is risk averse, as much as a miner can be and is also aware of and involved in everything thats going on behind the scenes so these decisions are not made lightly or done with the toss of a coin.

If your not comfortable with risk then placing your hard earned in a start up miner is not the place to be especially if you don't think the BOD or CEO doesn't understand whats required to stay afloat. There is always more involved than meets the eye of posters on an internet chatsite. If you want OTA's or funding you need to prove up your resourse, you cant have it both ways, its a balncing act and not for the faint hearted.

Obviously survival is a priority but JB and the BOD are well aware of that and more so than most.

Cheers Whisky

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I think they have a lot of flow through they have to spend in 2024 - use it or lose it.

SYA Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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I think they have a lot of flow through they have to spend in...

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Buxton projects new graphite province discovery at WA Narryer play

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I think they have a lot of flow through they have to spend in...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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