SYA 12.9% 3.5¢ sayona mining limited

General Discussion Topics, page-44869

  1. 1,199 Posts.
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    I'm confident that there aren't any surprises with the NAL plant that management weren't all ready aware of. They had plenty of time and all the resources to do their due diligence before bidding for the facility. There were alot of experienced (NAL) members on their team during the bid process. They knew what they were bidding for and what costs would be involved and where they would be needed in getting the plant back to full operation, and then some. They also had a good idea of what the true resource potential of NAL had. A $50M company doesn't go trying to acquire a $500M asset, unless they were 100% confident it was a sure thing. This is just basic Business Management 101.

    I have far more confidence in a management team with heavy skin in the game, government support and large institutional investors on board, than a random on a public forum throwing out one liners with no supporting evidence.
 
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