SYA 12.9% 3.5¢ sayona mining limited

General Discussion Topics, page-122474

  1. 13,525 Posts.
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    There is no such thing as a bad deal that enabled a minnow with a MC of $25m at the time to secure a place at the Lithium table 8n a top jurisdiction plus early revenue and has a backstop in place which secures a bigger slice of the Pie further down the track.
    Time to move on and be gratefull we have revenue and not dwell on a deal that was done in different times . Owning 75% of a JV that provides a long term future is better than 100% of nothing ...

    The arrangement has been known about for years so anyone investing in SYA has done so with that knowledge avaliable.

    Effectively we have a net 85,000tpa ( about what CXO is currently doing) to sell at market or spot prices and a net 85,000tpa to send to PLL at a fixed price untill a refinery is built. Unless you hear otherwise that's how it is .

    Cheers Whisky


 
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