SYA 5.56% 3.4¢ sayona mining limited

Nice.....And we can speculate all day long and until the cows...

  1. 12,830 Posts.
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    And we can speculate all day long and until the cows come home. On the one hand it could be something as simple as a Financial Partnership surrounding an agreement to put up and fund what I would see as one of the biggest up front hurdles of providing the MERN with it's circa $24 million mine rehabilitation and restoration bond. And given this amount is tied directly to a significant time period into the future - anything in regards to this outcome is possible and even likely.

    On the other hand , it may be something significantly more complicated given their wording specifically mentions BOTH Authier and Tansim projects. Could it be as simple as another drilling program being scheduled for the 4 or 5 previously undrilled pads from the last campaign . It was Tansim with those pads wasn't it ? Or could it be a more ' blended ' announcement with all its complexities surrounding the Quebec Government's recognition and acceptance and not just a ponzi acknowledgement that Authier and Tansim might be part of the Abitibi NAL Lithium Hub. So could it be more formal , and will the BAPE approval be part of this.

    In either case they do specifically state 'Funding ANDSupport ' for the proposed NAL bid....so for these reasons , I am expecting a more in depth response and one which is not simply as result of the ASX's price query yesterday. Will there or won't there be a Capital raising's proposed as part of this FUNDING .....or will it be just about the Financial partnership and the DEBT for potentially future equity.

    I guess we shall see on Friday. If the market has been any indication with it's significant and extraordinary volumes , I would think it is at least pointing to something quite exciting.

 
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