SYA 0.00% 3.1¢ sayona mining limited

Bankruptcy negative Cashflow, page-62

  1. 13,524 Posts.
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    I have no idea why we are having a discussion on whether the daily shareprices of different producing companies in the Lithium sector go up and down relative to each other, the trend has been down for all of them and for good reason, the price of the product they sell has been in a down trend and only hindsight will tell us when that's changed.

    It amazes me that something so obvious and straightforward can be turned into a soap opera. Its a pointless discussion, mind you we do have shorters on the forum.

    The issue for SYA is quite straightforward, if we can't produce at a profit when at steady state there is no future , that battle is playing out as we speak and we only have control over one side of the equation. We have no debt and around $90m cash and untill we hear otherwise are still in the fight, that won't change whether shareprice is green or red on any given day or what others in the space do.

    Cheers Whisky
 
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