@ChrisRod82 I view SYA as kind of an anomaly when comparing to peers. No one else is really in no mans land like SYA. Companies like PLS have gone through a high and low cycle before, whereas Sayona has only ever sold a producer into the low end of the cycle. There is such a delay with SYA in terms of revenue realization.
The NAL/PLL off take and part ownership of projects (Moblan) makes it a bit of a confusing story to understand. The Merger for good or bad, will totally clear up any confusion or complexity. Mergco will then have the largest pure play hard rock resource in NA.
I guess i don't really have an answer for you other than its under valued by the market. I dont know what the reasons are and it may well be the markets perception of management, but anyone telling you thats the reason really has as much idea as joe blow on the street.
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