A couple of things to note.
1. Pre-offtake agreement, piedmont was trading at .07 a share which is nearly 10x where Sayona is now.
2. Piedmont's IRR would have also been based on a higher spod price and less accuracy because they do not have a DFS in place and would be doing some amount of guess work.
Lastly - IMO Sayona's SP is locked in place because too many have put faith in them and been let down. SP would vastly improve if Sayona actually achieves some of the goals that they keep announcing and delay or failing at. Once that occurs they should consider getting listed with an ADR on Nasdaq similar to Piedmont or at the very least TSXV. They will need the exposure to gain any sort of appreciable price increase.
A couple of things to note.1. Pre-offtake agreement, piedmont...
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3.6¢ |
Change
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Mkt cap ! $370.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2625000 | 3.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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