In the Raymond Chabot Monitor Report #17, it identifies that parts of the Sayona/Piedmont bid remain sealed until court order allows for release. In my opinion, with the resultant trading halts for announcement of Authier test results and now funding raise, it appears that we are beginning to see the value with which the bid was submitted and subsequently awarded to Sayona/Piedmont by IQ and other creditors.
The structure of the deal which includes Piedmont's involvement with Sayona (prior to the NAL bid), appears to be such that may allow funding support from both CAN & US. The structure makes a lot of sense. It will be interesting to see more unfold in the next few weeks/months and ultimately to production and delivery. DYOR.
In the Raymond Chabot Monitor Report #17, it identifies that...
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