SYA

5.26%

3.6¢ sayona mining limited

pls started very similar position to Ajm on recovery and plant...

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29/11/23

09:01

Post #: 71159935
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Originally posted by Whisky49: ↑

Pls was 25c only 3 years ago. You get the point.
Missed quite a few milestones they should be made accountable.
time for change

PLS was a producer with 100% ownership of its projects 3 years ago at the beginning of a massive rally in spodprices hence its huge cash war chest , we started ramp up from a 75% owned project at the beginning of an equaly massive cliff dive in spodumene prices. Different companies, different stages at different times hence the main difference in shareptice performance, but both have performed well in that time period and as one would expect PLS has performed better.

Most companies miss/ missed milestones unfortunately , including PLS, the sector is littered with them , some by years not months, we have a relative good record when it comes to milestone but yes the buck stops at BOD and management, but if sacking the lot was the answer then there wouldn't be BOD left in the Lithium space at the moment.
They are responsible for what they can control and the issues at the plant are being addressed as will be other things , but they have no control over spodumene prices and that is by far the biggest issue at the moment, sentiment in a sector has a huge impact on shareprices.

Most retail holders have no idea what's involved managing a mining company, many are traders who have no interest in the companies long-term future and blame anyone but themselves for their current predicament. It's not a time for emotion charged knee-jerk reactions IMO, the BOD has given the company what it needs most at the moment and that is a $200m buffer to help get through what can only be described as difficult times.

Timing around the refinery is the least of our concerns IMO, not ideal but it's what it is , our partner is probably in worse shape than us at the moment.

cheers Whisky

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pls started very similar position to Ajm on recovery and plant performance and debt. They fixed it got it going and even cased in on the price rise eventually. Negotiate great partners
AJM on the other headed to liquidation.
same CEO and Board for SYA as was for AJM be very careful what you wish for.

SYA Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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Last 3.6¢		Change -0.002(5.26%)		Mkt cap ! $370.5M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.5¢	$2.158M	59.44M

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No.	Vol.	Price($)
6	2625000	3.6¢

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Price($)	Vol.	No.
3.7¢	5881377	21

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No.	Vol.	Price($)
3	1525000	0.036
39	13222465	0.035
41	11642810	0.034
88	13962849	0.033
88	24000291	0.032

Price($)	Vol.	No.
0.037	4271168	16
0.038	4700418	15
0.039	3766746	20
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SYA (ASX) Chart

pls started very similar position to Ajm on recovery and plant...

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pls started very similar position to Ajm on recovery and plant...

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