As you know, I have been speaking to many investors large and small and some information has been filtering through which is increasingly alarming.
The company's reactionary attempt, to head off the negative sentiment has pushed them to go on the offensive
AND SPEND OUR MONEY, trying to justify and defend their inaction, complete lack of communication and contempt for the investor base.
They have hired not one, but 2 Investor relations companies to feel out the investor base and seek feedback on questions about the company and the board. Its boardering on solicitation.
Computershare investor services/proxy services and Georgeson investor relations.
They have hired companies before for this caper, but to hire 2?
One of the questions asked is- 'Would you support James Brown as the full time CEO?'
So when did this position become full time?
What happened to the CEO and executive search?
Is history repeating itself?
Just as the Morella CEO Alex Cheeseman's sudden departure and James Brown becoming full time CEO.
And with the sudden departure of Brett Lynch, elevating James Brown to become interim CEO, will he too become a permanent fixture?
This stinks to high heaven, because if you are not in the Buckler vortex and tow the line, you are gone.
Corey Nolan
Alex Cheeseman
Brett Lynch
Big Jim is the only one Buckler trusts....
And then what does this say for high level search for executives?
Dropping circa $2M with Korn Ferry started as a sincere attempt to improve and restructure the board.
Increasing remuneration for directors, started as a sincere attempt to attrcat quality executives.
But what we have hear, after the execution of Lynch, it has probably become a farce.
A smoke a mirrors show, to keep the illusion alive and then elevate JB to permanent CEO, cement in Lucas, and probably bring in any other name from his past that he trusts...
What a waste.
So, they have been reading the tea leaves and beginning to understand the grounsdswell against them.
And in my head, I see them scrambling for cover-
"Shit mate, I think they are onto us...quick, get an announcement out....something. We have done f....all for 6 months, quick, drill results, strategy, downstream, tell them what they want to hear....Ring around...get 'em onboard, otherwise we are f....d'
So expect an announcement or 2 to drop before the AGM.
The problem is, from my perspective I have lost trust and lost faith.
In my opinion, they will sugar coat what they can to get through the AGM, then do whatever the hell they want afterward.
Brown CEO, downstream delayed...delayed...delayed...GONE.....it would not surprise me one bit.
There is no doubt in my mind that if we miss this opportunity, Sayona is dead in the water...a sitting duck.
And where there is smoke, there is fire.
Next issue
Today I heard from 2 sources...AMOSS IS DEAD......gone.......
Last I heard, a deposit had been payed and it was a done deal......now its dead.
Just doing some final checking to verify, but I think its 99% all over.
It seems our plans for downstream processing, is diminishing by the minute, particularly our grander plan to be a big hydroxide producer.
I guess we have carbonate to look forward to...right??
Well, if you thought it had been taking too long anyway, you were right.
Why?
How can it take so long!
PLL's position has been tipped of by a fund manager who says in his opinion they have contemplated paying the penalties if not ready by 2026, so bring on 2027+
One of the only fund managers who has spoken directly to Keith recently.
A fund manager who is bullish on PLL, even though he knows about the volume waiver and 2026 mandate?? And still bullish???
Now I have heard, out of the office that the year of up to 2031 has been mentioned...
Are you f....g kidding me?
If you had your ducks in a row that plant could be up and running in the time it would take to build the crystallizer.
An 18 -24 months project at most, now with dates thrown around of 2027 and 2031...God help us.....
And if you combine this anecdotal evidence with the previous and current associations of James Brown to Howard Klein and the association to Keith Phillips at Piedmont, it starts to paint a picture.
And as for Buckler, in my opinion he has never been interested in chemicals.
He is a hard rock man through and through.
Sayona, may indeed become a slave to PLL, just as Banksy and Cmonaussie and the rest of the PLL fan boys have been spruiking for years.
What we have been collectively refuting, because the strategy layed before us saw an end to that dreadful offtake.
Reputation damaged, and severed ties to the Quebec and Canadian government and the support and funding that comes with it.
All at the expense of Sayona and its shareholders.
Because we couldn't go downstream as was mandated.
Because we most probably do not have a board with the intellect, strategic acumine and balls to take on PLL and do what is right for Sayona and its shareholders.
And as I said before, that's not what I or my fellow investors signed up for.
VOTE NO and be counted
VOTE NO and make your voice heard.
VOTE NO to give Sayona a chance at a bright future.
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