Troilus Gold Corp T.TLG

RE:Just to be clear

[Whateverrr]

True it is not the same as cash but Sayona trades easily between 35m-70m A DAY.  So monetizing only  185m shares in them would be quite easy to do whenever and however they want to timing and allotment wise.

Yes Sayona would have to do differently from prior stewardship there but can't that be said for TLG on their site as well, the former company gave up which is how TLG are where they are now and looking good.  I would assume TLG vetted it well and did not just sell to whomever wanted the land.  And the $20m Sayona NSR payoff is a nice bonus should it get to that point down the line.

templetooth2 (116)

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January 24, 2023 - 03:42 PM

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Post# 35243197

Just to be clear

Having 185 million shares of Sayona is NOT the same as having $50 million cash. Sayona shares are not coin of the realm, any realm. It is nice to see their share price increasing as that might someday allow Troilus to cash out, partially or fully.

I suspect that Sayona's price is rising because the proverbial moment of truth approacheth. The lithium plant is going to start up p.d.q. This will be interesting. You may or may not recall that the previous owner went bankrupt here at Canada Lithium. As I recall, try as they might, Canada Lithium was never able to produce high quality lithium. I believe all their product went to the glass or ceramic market. Anyway, I wish Sayona well. I haven't followed their story but I would hope they have a different plan of attack than the old crew.