General Discussion Topics, page-141693

Yes well if this type of Business Acumen continues then you may well be right we might not hava next AGM.

This report from Motley Fool recently on the road ahead..

Motely Fool...

Sayona Mining Ltd (ASX: SYA) shares have been on a downward spiral, down more than 54% this year to date.If you had bought the ASX lithium stock 12 months ago, you would be at an 87% disadvantage compared to the S&P/ASX 200 Index (ASX: XJO).At the time of writing, Sayona shares are fetching 3.3 cents apiece. Meanwhile, the price of lithium is at CNY85,500 per tonne, more than 85% below its all-time high of November 2022.With this continued sell-off, one might wonder if there's any hope for a rebound in FY 2025.

What's up with Sayona Mining shares?Throughout FY 2024, Sayona Mining shares were under constant pressure despite reporting several high-grade drilling results.The primary culprit behind this downtrend? Falling lithium prices.As noted earlier, lithium carbonate is down 85% from its record highs, a sharp contrast from the enormous rally we observed from January 2021 to 2023.Over this period, lithium prices surged more than 1,180% from trough to peak in 2022. But with several macroeconomic headwinds in play, demand has slowed, and the battery metal has given back just about all of these gains.This price drop significantly impacted Sayona's financials, as evidenced by its half-yearly results.For H1 F24, it reported revenue of $118 million but ended the period with a $32 million loss after tax, which wasn't positive for Sayona Mining shares.The company's quarterly update in April highlighted the financial strain further. It had sold 142% more concentrate volume than the prior corresponding period.

The only problem was that it was sold at a 34% per tonne discount to what it cost to produce the concentrate.It realised an average selling price of just under $1,000 per dry metric tonne (dmt), but the cost to produce the concentrate was $1,536 per dmt.Consequently, it burnt through cash during that period. Cash on hand dwindled from $158 million at the end of CY 2023 to under $100 million by the end of Q1 CY 2024.

The upcoming quarterly an cash flow report will have to be a dozzy to keep the current SP from slipping further and l say that off the back of the increase in shorters jumping onboard this week its up to 9.68% are they right again or will they be caught with their pants down at this time an given the current climate the market is leaning in favour of the maggots and they would be expecting an punting on a bad quarterly imo.