SYA 3.13% 3.3¢ sayona mining limited

PLL have bitten off more than they can chew, imo. They could...

  1. 465 Posts.
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    PLL have bitten off more than they can chew, imo.

    They could sell up once the offtake agreement comes to an end, most likey someone else will take their position (eg. RIO).

    They've made multiples on their initial investment and can focus on their other assets.
    Although, I would flog the assets overseas and focus on the US/North American route.
    Plenty to be made overall. But cant see it playing out how they're expecting.

    I wish them every success but better value plays around. Too risky. Lots of debt and only 2 years worth of income from NAL...

    It is what it is.
 
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