SYA 4.76% 4.4¢ sayona mining limited

Well another night of blood letting, rants , conspiracies ,...

  1. 13,306 Posts.
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    Well another night of blood letting, rants , conspiracies , abuse , whispered deals, bittereness and random theories on corporate shenanigans.

    So what's actually happened in the last 10 days, well our shareprice was around 3.8c went to 7.2c and is now 4.6c a net gain at this point, the price of spod has dropped further but relatively little, we have PLL off our register and some buyers were prepared to take large chunks at 5.2c...hardly a disastrous time but certainly volotile.

    However there is only one thing that matters and thats surviving this cycle and its what the current review is all about, ranting won't cure it.
    Our only source of revenue is the concentrator and thats currently borderline, forget Moblan and refineries they are years away from any meaningfull revenue whether a deal arrives tomorrow or not.

    None of this should come as a supprise the price of concentrate is there for all to see , our costs and cash position are reported quarterly, again for all to see as is the current OTA.

    If you don't think the current management team can' get you though this difficult period then bail instead of bitching as there is unlikely to be any change in the immediate future and regardless of who eventually comes in they have no control over the price of Lithium. Fortunately the current team is very experienced in running a mine and concentrator and thats what's needed at the moment.

    Venting may make some feel better but it doesn't change the realities , you either hold or fold.

    Cheers Whisky


 
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