SYA 0.00% 3.4¢ sayona mining limited

General Discussion Topics, page-134115

  1. 12,891 Posts.
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    And people had been quick to criticize Piedmont for their move to sell down stake in BOTH Atlantic and Sayona ....for allegedly shoring up their balance sheet......but people forget that Sayona has the 9.26% of Troilus Gold which they paid 49 cents on their 20.4 million shares. Last night they traded at 55 cents for a paper profit for Sayona of $1,224,000 and if sold entirely at that price, we'd get our $9,996,000 back on top of that profit as well. So over $11 million in a very liquid asset.

    Can't say the same about our Investment in Consolidated Lithium ....but who knows where that sunk investment will ultimately get us. Point here is we have at least $11 million and change if we needed it or wanted it for something else.

 
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