I got SYA few days ago @0.20, and now not sure should I run away. Please someone help, I am still learner.
Why they are ramping down themselves?
Raising $ for 1:2 @1c is 30% dilution; but I am not sure how much total shares they have. Can someone help here with mats, please?
Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to announce the
activities report for the quarter, including:
Authier, Canada – major focus on completion of the optimisation programs for the
Authier Definitive Feasibility Study. In addition, completion of a Scoping Study for the
downstream processing of Authier concentrates into lithium carbonate and/or lithium
hydroxide;
Western Australian Lithium, Australia – rock chip and soil sampling programs completed
at Mallina. New tenement application, Deep Well, prospective for both lithium and
conglomerate gold mineralisation; and
Capital raising – a $4.9 million, partially underwritten to $2 million, renounceable rights
offering on a 1:2 basis at 1 cent per share was announced to fund completion of the
Authier Definitive Feasibility Study, Authier pilot metallurgical testing program and
corporate costs was announced.
