The only thing SYA management have delivered on recently is NAL...

The only thing SYA management have delivered on recently is NAL coming into operation.

There is no certainty in new and establishing markets (Lithium inc.) and therefore no certainty that we have also seen the back end of Li spot prices. On that basis, the information regarding the current operations and the risk management or mitigation policies our current BoD put forward to ensure SYA survive is significantly material in nature to shareholders or potential holders. ie now is not the time to mess around with this information and it should be brought to market asap. This is so current investors and potential investors can assess what level of risk their capital is exposed to based on what policies the board is expected to bring into place pending the price does fall back to sub US$900/t. ie if they plan on burning cash to get the best out of ramp up at the risk of a fall back in spot price with no C&M option (high risk game). Vs a Core type implimentation of C&M if spot prices drop to a certain point to ensure SYA continuation at least for some time into the future.

As for nameplate or output in year 1 - management failed this objective by reviewing the output guidlines.

Failed in sorting out an offtake agreement in better market conditions and mislead investors via words like "offtake imminent" when one never came to fruition reducing shareholder/investor trust..
Have not made any further progress with half built carb plant
Have not improved in communication to SHs since AGM
Have only marginally improved in corporate governance with many holes in a leaky vessel as some shareholders still believe via the directors some of which appear to be lacking in independence.


As for the trade off studies:

June 2023 QTRly:

North American Lithium
Preliminary Carbonate Technical Study
In June 2023, Sayona announced the results of a preliminary
carbonate technical study for NAL, confirming the benefits
of moving into downstream processing. 3
Study highlights included an estimated pre‐tax NPV (8%
discount) of $3.2 billion and pre‐tax internal rate of return of
60%, with the project expected to generate an estimated
EBITDA of $7.5 billion over the 16‐year life of the carbonate
plant.

The pre-tax NPV of fully integrated downstream operations
at NAL is now estimated at $5.4 billion, including the NAL
DFS.
Sayona and Piedmont will work with technical advisers to
undertake a further trade-off study of lithium carbonate
versus lithium hydroxide production at NAL, with a definitive
technical study to follow for release in 2024.

Sept 2023 QTRly:

Trade-Off Study – Lithium Hydroxide and Lithium Carbonate
The final report of the technical review prepared by Primero, a multidisciplinary engineering group, was issued to the joint
venture partners in September 2023. The report is currently being reviewed by the joint venture partners

We then subsequently had no mention of it in the Dec QTRly released 31st Jan or the annual report or more recently the half yearly report.

So effectively, at least based on the latest communications, it appears management have pushed this component of NAL to the side. Which again is a detriment to shareholders when our SYA bod signed an agreement with the Canadian government regarding movement into downstream processing at NAL.

How long do PLL our JV partner need to review the report before we hear more information regarding the trade off study? Why should SYA shareholders be waiting on PLL's review? What relevance does a minority JV review have on the overall report and why is their look over the report put before SYA shareholders?

Again, people ask all these questions of our management and get tumbleweed responses. Thats why our share price is so low. IMHO shareholders simply have no confidence in SYA board to deliver on anything they state and take everything they state with a pinch of salt. Again based on all the above failures.