SYA 3.70% 2.8¢ sayona mining limited

Hey folks, great day today, its all looking good. Just a quick...

  1. 403 Posts.
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    Hey folks, great day today, its all looking good.

    Just a quick question for the more knowledgeable of you;

    It would have been discussed before, but as a strategy at some point will SYA attempt to reduce the number of issued shares (around $6 billion at the moment). Simply put, if we now have a MC of $1 billion at a price of 0.18 cents, when we begin producing we may be around $1.00 a share with over a $5 billion MC. My question is, would this MC seem to high compared to the value of the company at that point in time, or doesn't it matter that much?
    I ask this because relatively speaking we are not really that far away from production compared to other lithium juniors.

    Ignore those Noisy Rampers.....
    Last edited by Cleaver1: 15/09/21
 
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