General Discussion Topics, page-104192

@Scrollonby

Yes agreed, Lake has a lot further to fall now imo, I cannot see how they can justify even a half of their current MC now and don't understand how they intend to continue to operate if no revenue of any kind until late 2027 with a capex of at least $1.5b to achieve that, especially given their burn rate.

I see Lake as a total write off now, sad to see for those invested as it's now clear it was a complete sham. The few fanboys and pumpers there will continue to try to catch the falling knife and 'buy the dip' but the writing's on the wall imo. Hopefully many with common sense will redistribute capital over to the likes of us and other producers and near term plays as they obviously believe in the sector overall.

It goes to show how comparatively de-risked Sayona actually is in comparison to most in the sector, and what we have actually achieved in comparison to the 95% of start ups and explorers that fail.