CXO only down 23% since it announced its plans to effectively suspend its production while Sayona is down around $37.5% from the same time , and while it probably going to reflect some level of cash positivity or at worst neutrality when you consider all factors and contributions received or accrued from JV partners. Starting cash balance higher as well , and not to mention that Sayona has 2 well advance projects with more combined tonnage.
If if Sayona writes down the cost of its Moblan package , what would this say for Quebec with the aspiring Patriot and Winsome etc.. I mean you can see already the damage which has been inflicted on them. But they were always overpriced based on the level of where they are compared to even Moblan let alone NAL.
Its just ridiculously disproportionate , but hey that's the market. Lets see if it gets it right when the quarterly drops.
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