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3.1¢ sayona mining limited

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Y4ukikmycow

3,948 Posts.

1352

02/08/24

06:55

Post #: 75036776
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Originally posted by Rota16: ↑

Cash burn of ~$A23M minus the value of the ~22,000t still to be sold. Assuming the 22,000t was sold all on the spot market for the $A604 figure then another $A13.3M goes to SYAQ, of which $A10M would be SYA's. Hence SYA cash burn effectively ~$A13M rather than the ~$A23M you quoted. Again, not ideal, but not as bad as you would have it. The spot sales were the main contributor to that cash burn, basically due to the high cost to ship to China.

As I previously mentioned, the next 6 months will have very limited spot sales, if any, and the PLL offtake deal will actually be a 'blessing in disguise' effectively. Who would have thought? Additionally, further progress towards lowering Unit Production Costs will also assist to reduce any cash burn, although exploration costs will possibly have the opposite affect and continue to burn some of the current $A91M cash reserve.

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But isnt the remaining cash for drilling included in those numbers thinking @SplitFusion stated it was around 13mil or something like that...so it kind of fudges the real figures does it not?

SYA Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.1¢		Change -0.001(1.61%)		Mkt cap ! $313.9M

Open	High	Low	Value	Volume
3.0¢	3.1¢	3.0¢	$86.27K	2.863M

Buyers (Bids)

No.	Vol.	Price($)
132	62706101	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	6573649	33

View Market Depth

No.	Vol.	Price($)
130	62689401	0.030
53	9043308	0.029
54	5468339	0.028
20	3766186	0.027
9	3817618	0.026

Price($)	Vol.	No.
0.031	6573649	33
0.032	8765265	35
0.033	4769484	23
0.034	8286003	27
0.035	10501976	36

Last trade - 10.54am 02/08/2024 (20 minute delay)

SYA (ASX) Chart