SYA 2.94% 3.5¢ sayona mining limited

Holding both (SYA and a small remaining position in PLL) I must...

  1. 273 Posts.
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    Holding both (SYA and a small remaining position in PLL) I must say that the projects are pretty different and not so easy to compare:

    Yes, both are hard rock in North America.

    But:

    PLL sits in the US (better investor sentiment -> higher liquidity)
    PLL has no harsh Canadian winters
    PLL does not need to fly in and out the workforce
    PLL has an investment banker as CEO (finances seem always sorted out)

    So yes PLL should be worth much more than SYA IMO. (Not 60c per share, that is why I sold most of my PLL at that point)

    SYA unfortunately has been missing deadlines and targeted steps over the past two years (BAPE being the biggest).

    I keep my SYA position, because its value has become so small that I keep it for an upside surprise and I can imagine scenarios where Authier gets approved and starts. Tansim makes sense in that case. (NAL and Australian tenements are far away dreams as of today)

    All IMO of course.
 
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