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2.5¢ sayona mining limited

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LouK

316 Posts.

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14/08/24

21:21

Post #: 75210402
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Originally posted by connejam: ↑

well core lithium’s share price dropped around 25% on the C&M announcement, was just trying to understand if the ramifications of C&M at NAL would be similar to cores or if there’s anything unique to our operation that would make the situation better or worse! I listened to their new CEO speak at the diggers conference, whilst I’m not trying to argue they’re in a great spot… he seems to be using the time to optimise costs and the plant for a restart and outlined that all emerging producers are still facing 300+ million in capex for a working plant that core (and we) already have + all the permitting hurdles! Obviously it’s all contingent on lithium rebounding next year which god knows if it will!

I’m also down a ton and extremely p1ssed off at myself for hanging on all the way down, just trying to figure out if there’s still a future in 2-3 years where we have a viable operation

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I would expect a market overreaction on the announcement of C&M to the negative initially but it may recover somewhat after that no different to CXO.

SYA Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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Last 2.5¢		Change 0.001(4.17%)		Mkt cap ! $247.0M

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0.026	4900632	16
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