Hi Haywan. Just to clarify your first point, Sayona didn't burn $64M last period (the period being half a year) because $22M of that was for Depreciation and Amortisation. That $22M is a non-cash expense so it doesn't impact the companies cash balance. Therefore the cash loss was $42M when you deduct the $22M from the $64M figure. Also, in that period there were capital expenses & exploration expenses that won't be as high going forward. Additionally, it was a period where spod prices were at their lowest and Sayona's production costs were still coming down. I'm not saying it wasn't a concern to be losing $42M in half a year, but when you factor in some considerations it isn't as bleak as simply saying they lost $64M.
SYA Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)