SYA sayona mining limited

They have been burning through an average of 30million per...

  1. 4,469 Posts.
    lightbulb Created with Sketch. 1781
    They have been burning through an average of 30million per quarter, they had 230million in cash reserves before starting down the path of destruction to get costs down...l dont know any successful company in the world that sells their product on a continued loss bases although there have been others who have tried one that comes to mind is Altura but they are gone because of the fact they had signed deals and were selling product at lower prices than they cost to produce unfortunately here with Sayona the same BoD's have done excactly the same, which is part of the reason the SP has been decimated to this point.

    As to C&M you state we would be burning through cash reserves much the same well if you do some research you'll find the cost of putting a Lithuim Mining Company into C&M is way less than what you think the average cash burn is around 2 to 3million dollars per quarter and given we had 230mil in the tin tank that would equate to around 8 to 10 years of C&M of course they would need start up costs of around 30million but it still blows the cost factor currently of them burning 25 to 30 million a qtr as compared to C&M 2 to 3mil.
 
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(20min delay)
Last
2.1¢
Change
-0.001(4.55%)
Mkt cap ! $242.4M
Open High Low Value Volume
2.1¢ 2.3¢ 2.1¢ $3.096M 141.3M

Buyers (Bids)

No. Vol. Price($)
33 22654024 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 18333 1
View Market Depth
Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
SYA (ASX) Chart
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