General Discussion Topics, page-27228

27/09/21

14:38

Post #: 56377351

Looks like it wasn't included in the rights issue prospectus when you look at the ' Use and Sources of Funding ' tables provided by Sayona as against those above obtained from LRC. So when again were they supposed to have told us this ?..........that the amount being raised was actually $10 million more ....

Irrespective I don't reckon they will have their hand out anytime soon......and if they do make a play for something else , it will probably be done on a ' Script ' basis now.

So when you consider that the $21 million COH at September 30 didn't come to our knowledge until its was released on the 4th of October , my estimates of COH which were posted 1 week earlier on the 27th Sept as compared against BOTH the Sayona table as well as the LRC table are pretty much spot on.

And having this much additional COH should be a good thing for Investors to digest and contemplate over at this particular time I would think. They have almost $40 million over and above the Moblan raising.

Excerpt from above Post :-

So if we are going to go on the basis that there is a further $5.8 million needs to be added into the Cash Balances available PLUS a further $4 million to be ' offset ' on the settlement , we could see a Cash on Hand figure ( pre QTRLY expenses ) of something like this :-

Opening CASH balance as shown in the June 5B of $34,964,000 ADD the $5.9 million from acuity and the not recognized conversion of the OD's at 30th June , ADD the $65 million raised in total from the SPP , ADD the $3,350,691 of ' Other ' placements and options conversions in the September QTR , LESS the Sayona share on ' closing ' of the NAL transaction of C$73.4 million ( A$78.925 million ADD the offset of the NAL deposit of ( estimated ) $4.5 million - and you arrive at a closing Cash Balance at end of September before any Quarterly operations , admin or exploration costs of $34,789,961 .....or only a couple of hundred thousand less that what they started off the September QTR with. Even at worst if you reverse the $4.5 million deposit offset and take off the $5.9 million from Acuity controlled placement and OD options conversion on 30th June , you are left with a Cash on Hand ( pre expenses ) of around $24,389,691

Now assuming that General Admin and Operations expenses including Exploration costs remain the same as the June QTR at around $2.5 million , we would still be left with at worst a Cash Operating balance of $21,889,.691 and at best a balance of around A$32,289,691