SYA

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3.4¢ sayona mining limited

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Scrollonby

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30/07/23

18:28

Post #: 69064015
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Originally posted by Rylean: ↑

What I find after going over what's happened in recent times is a bigger need now, more than ever, for some strategic thinking to be injected into the SYA mix.

Why? Because at this stage of development SYA needs 'closers' for deals. I mean on the revenue side. More than the PLL 'deal'. And its no use quoting 'market prices' for product in forward looking revenue estimates etc. when there are two market prices out there - the spot price and the contract price. If a 'good deal' for a 'contract price' OTA can't be secured and they decide to go spot - fine - but that's not a long term proposition. To be in business as a 'going concern' SYA needs to get going and that means securing a reliable long term revenue stream - an offtake agreement - and show that to the market - so that the real economic value of this endeavour can be calculated.

In order to demonstrate SYA can get there, I believe SYA needs directors with a demonstrated ability in strategic thinking to get the best out of this market - now. To date the company has done a great build up job of exploring, acquiring permits, leases, assets etc and has clearly shown they are world class mine developers and operators.

For me, a board of an ASX 200 company made up of a bunch of ex mine managers (no matter how good they are at that) and a company secretary won't cut it from now on.

The shareholders have spoken (EGM, resolutions 1 & 2) - shareholder value has not been enhanced over the last 12 months. This the opposite of what their business objective was as stated in last years annual report ! What are they going to write in this years AR?

I just hope they realize that new skills and enhanced revenue focused business mindset - at the highest level - board level - is required moving forward.

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Gettin the quarterlies right would be a good start too..

Totally agree with your assessment I think this Board is now clearly outta their depth..Going forward BEOT savvy new blood is needed

Last edited by Scrollonby: 30/07/23

SYA Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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Last 3.4¢		Change 0.000(0.00%)		Mkt cap ! $349.9M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.3¢	$739.5K	22.19M

Buyers (Bids)

No.	Vol.	Price($)
25	10111792	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	4951690	17

View Market Depth

No.	Vol.	Price($)
25	10111792	0.033
79	18191367	0.032
49	10866760	0.031
76	14418386	0.030
26	7806662	0.029

Price($)	Vol.	No.
0.034	4951690	17
0.035	5714519	12
0.036	7921328	24
0.037	21053158	55
0.038	21779279	38

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SYA (ASX) Chart

General Discussion Topics, page-110269

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