SYA 4.17% 2.3¢ sayona mining limited

You'll have to give me some literary license hereHello darkness...

  1. 11,005 Posts.
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    You'll have to give me some literary license here

    Hello darkness my old friend ... @arfbarf @GT3loui
    .... and the vision that was planted in my brain,
    still remains within the sound of silence


    So it seems "crickets" is the reply to my answer to the simple question - "can you exhibit that Piedmont is indeed not hemorrhaging cash?"
    Asked and answered would be my response ... yeah? ... they "hemorrhaged" US$7,403,000

    But all quiet on the western front for my SYA protagonists on compare the pair. It would be that

    SYA Net Cash at end Dec 2023 was AU$(157,980,000 - 90,569,000) = AU$67,420,000 and at end June 2024 was AUD$2,331,000
    So in last 6 months SYA "hemorraghed" cash to the tune of AU$65,089,000 ... or ~US$43,414,000
    'eff me can that be true ...?

    Compare the pair ... if PLL was hemorraghing by reducing Net Cash by US$7.4M in the last 6 months, what the hell would you call SYA's whopping great reduction in Net Cash of US$43.4M about ~6X PLL's net cash reduction.

    I may be wrong. I may be right. I might even be crazy ... but I do try to bring a little bit of balance here. So who's hemorraghing cash?
    Double check the figures.
 
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