SYA 6.90% 3.1¢ sayona mining limited

General Discussion Topics, page-144086

  1. 13,524 Posts.
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    I think that Sayona has the same plan to prepare for increased battery demand in the near future.

    Of course, that's the reason we're still in production and not in C&M, we expect increased demand ( read concentrate price) but that in itself guarantees nothing . The immediate concern for SYA is finding a buyer for our unallocated spod at a price above the cost to produce and ship and that will likely come from market forces not a white night, it can only be sent to buyers with the capacity to use it now, not years down the track, and they are in China.

    The issues for SYA are not finding a partner for future development, it's producing profitably now or in the very near future and avoid making deals from a position of weakness. We simply need higher spod prices and it's nice to see some upward movement.

    Cheers Whisky


 
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