Everyone is hurting with prices the way they are. I Don't think a lot of mid tier companies would have the capital and a lot of the majors probably see it as too risky and capital intensive at the moment. IMO Sayona would probably be a bigger takeover target once a lot of the upgrades, ramp up and drilling are done at NAL and Moblan.. By then you would expect a much higher share price and we would most likely be welcoming a takeover.. (somewhere around 50-75c would do me)
To put things into perspective, Piedmont are hurting aswell being down 80% for 1yr on their nasdaq listing.. CXO is also down 85% for the 1 year and SYA 83% for the 1yr
There's no conspiracy here.. I think it's plain and simply pricing is too low for the high cost producers and they're bleeding money.. Our BOD is cutting costs and improving efficiencies.. they can't magically change the share price...
I agree, we do need a management change.. and that is coming in due course so just be patient.. I think how you've painted the board as some kind of secret mens cult wearing cloaks and meeting in the dead of the night is ridiculous, Allan Buckler would be asleep by 7pm every night hahaha
They're a company that's grown from a tiny market cap to securing one of NA best asset bases and turned a moth balled mine into the only producer.. Our time will come.
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