A couple of tasks that I seem to recall Lucas Dow set himself when he started with Sayona earlier last year was to lift the level of governance from the Board and also to improve the communications to the market.Yes he did and that still hasn't stopped some here complaining about communication. ..the governance issue was in existence back when BL was in charge and was in the process of being resolved before LD became a director. It's now been dealt with.
JB by his own admission wasn't a great communicater but he got on with the job of dealing with a Spodumene price crash and transitioning between MD's, which is considerably more important IMO.
Quarterlies come out regardless of who is in charge as do material updates so information was out there if one bothered to look or had the patience to wait.
We all have our own views on the subject but its now history anyway, would the shareprice be any different now as a result, I doubt it very much but we will never know. Going on the shareprice of other Lithium players they must all have communication and governance issues..
I like the makeup of the new team but the main issue of spodumene price remains and not a lot can move forward untill it matches up with costs...its a case of positive cash flow arriving before running out of cash and we have around 12-18 months to discover the outcome IMO
The next opportunity to increase potential revenue, other than asset sales, comes from expanding production at NAL itself and is where the focus lies , funding that is the next challenge. The other assets will get dealt with as is appropriate but apart from EWOYAA are years away from having a positive effect on the bottom line if they ever reach that stage.
Cheers Whisky
(20min delay)