SYA 7.14% 2.6¢ sayona mining limited

A snippet below regarding PLL with a couple of points...

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    A snippet below regarding PLL with a couple of points underlined.

    1: Tne the plant ramp up is ahead of schedual, running at steady state and close to nameplate, I doubt SYA as operator will put out an official statement on that subject untill its confirmed over a period of time.

    2: Any FID on its other projects are delayed around 2 years for obvious reasons and its reasonable to assume the same would likely apply to SYA's projects unless there is a rapid change in the price of Lithium.

    It's all about avoiding C &M and getting positive cash flow from the NAL concentrator first and engaging with others around how we can move forward forward in the meantime , any commitments around future developments will be some time away IMO.
    Thanks to conservative BOD and management , a motivated and competent team at NAL we are still in the game with a modest cash position , no debt and a Mine / concentrator which has its main issues now behind it...we just need Spodumene to play its part and it doesn't give a stuff about mine performance unfortunately.

    Cheers Whisky

    https://hotcopper.com.au/data/attachments/6375/6375144-03b512138ca92bc43578c384571009b0.jpg
 
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