how can they pay for any new mine? Very slim profits, can pay for drilling. But not a new mine aka Authier, Moblan etc. will require more raises and then what? 15B SOI? More? A company can’t function well at those levels, it’s not hard to see the future here unfortunately, share price staying low. Sayona don’t own 100% of their assets. In October we will know if any profit is made with Piedmonts deal, and what kind of profit with the other half. But like I said that won’t pay for a carbonate plant or a new mine. So it’s more raising and at a low price point and adding unrealistic number of shares on issue.
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