I'm looking at the picture from the perspective of Sayona....

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Investor Bob

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02/06/21

10:17

Post #: 53584511
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Originally posted by theghostwithin ↑

That would depend on market sentiment. I have seen similar deals, though mostly between multi-metal miners (most recently between Rox Resources and Venus Metals which I was watching) and that did not turn out the best.

However, AJM are specifically in the lithium business and the future is looking bright - almost a world away from losing everything since (September or so?) last year.

It would also depend on how access to those non-lithium minerals are accessed - would SYA have their own plant on site extracting from reject tailings, or would they get first dibs on mined plant feed? The devil is in the detail.

But I certainly do think that they have given us a lifeline when they did not need to, plenty of pirates out west ready to drop a mill and a half to get access to a lithium tenement with some scale of proven resource.

A big thank you Sayona!
(full disclosure: I also hold Sayona shares, with the greater weighting of holdings in AJM shares based on initial investment)

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I'm looking at the picture from the perspective of Sayona.

"Hmmm, we can have AJM holders pay to drill our WA tenements which arent really our focus at present and if they turn up Copper/Gold/Nickel then awesome. We know there will be lithium there in one grade or another."

AJM Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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I'm looking at the picture from the perspective of Sayona....

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