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3.2¢ sayona mining limited

Yes the rapid change is very threatening. Battery innovation is...

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Goldfarm

4,665 Posts.

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27/08/24

07:08

Post #: 75384879
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Originally posted by Whisky49: ↑

As I have outlined the money will be there, but management needs to believe in the project, which I think has been more the problem.

NAL is a JV with both partners struggling so nothing is straightforward. There is always money sitting on the sidelines but they have to believe in the project as much as management. NAL has a Rocky history so has some proving to do.
Why don't we just wait and see what transpires before making any judgements on what management believe in or the Govt or any other potential funder for that matter.

The biggest challenge in this sector is the rapid pace of change in battery technology coming up against the slow pace of developing projects IMO. New battery advances ( and refining) are almost a weekly occurance and what applies now may not do so in 5 years which make investors understadably nervous.

There is no reason to expect any updates around proceeding with downstream activities untill we start generating positive cash flow IMO , if they do come up with something thats fine but its still a long way off for a final investment decision.

Cheers Whisky

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Yes the rapid change is very threatening. Battery innovation is incredible.

SYA Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
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Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $329.3M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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58	13357771	0.031
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27	8200958	0.029
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Price($)	Vol.	No.
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