RE:Good and not-so-good. IMO, yesterday's PR meant little save for the 0.63 sale price per share - looks like a case of Sayona in need of cash to keep their creditors happy / lights on.
The release of the DFS is of course the big upcoming event.
If it's a Joint Venture deal, will be interesting to see if TLG simultaneously announces who their JV partner will be along with the terms of the JV agreement, or will they just release the DFS and leave the investment community wondering who their partner will be, how much cash that entity will kick in, and what % ownership of the mine that partner will receive in return. I think it would benefit existing shareholders if the DFS and JV agreeement are released together as a DFS released alone with a $1B+ price tag and no financing components announced in conjunction with that data may cause the share price to take a hit regardless of the other numbers as there would be no de-risking events announced to accompany the DFS numbers. Proven and Probable Reserves (i.e., ounces deemed economically mineable) will be the key DFS figure in terms of AuEq. I suspect it to come in around 7M.
If JR changes his mind and decides to sell the company via a takeout, it should give existing TLG investors a good premium (30 - 40%) to TLG's volume-weighted average share price over the past 15 / 20 or 30 trading days prior to the takeout announcement. Then again, it's foolish of me to even suggest JR may change his mind and sell the company as he's been so consistently accurate with his message and claims throughout the past 6 months....