Troilus Gold Corp T.TLG

Anyone watch Sayona Mining?

[VickRoxman2]

Talk about being beat down.  Even with them achieving their targets the down pressure of lithium is to strong to move the needle.  I'm sure the 10 billion  outstanding shares don't help.  Is that even correct?   I keep thinking I'm not seeing that correctly?   Holly smokes.... Even 1 billion would be a lot.

Hopefully things can improve since TLG is relying on this to at least be flat!   Maybe TLG management is as disappointed in Sayona shares as the shareholders of TLG are!?  Isn't that ironic?   They should have sold Sayona at 30 cents when they were up plus 50%.... 

Anyway, I digress..

Here is a recent write up of Sayona.  

https://www.fool.com.au/2023/08/04/can-sayona-mining-shares-deliver-better-outcomes-for-investors-in-august/

[pepperino]

Yes, Sayona has over 10 billion shares issued.   Troilus accepted 184 million shares as part of the land deal.   Assuming the compnay still holds all 184 million shares, every penny increase in share price = $1.8 million.   The other side of that (problem) is every penny increases the market cap by 102 million.  With resources so down and out these days, who know

[VickRoxman2]

Pretty crazy when you break down the numbers like that pepperino.  Yikes, I'm thinking there has to be a reverse split at some point? Its to bad.... I remember Saying announcing that Giant dilution that was a few months after the deal with TLG.  The stock has gone down and never recovered.   Hmmmm... One would think that if TLG knew that additional dilution was coming

[pepperino]

Does anyone know the value of the 'lithium concentrate' per ton?   I read that batterty grade lithium is valued around $37,000 US per (metric) ton.  With Sayona shipping 20,000 tons this month and another 30,000 tons in the month, that could translate to big $$$.   But I have no idea what the value of lithium concentrate is.  Every $1000 per ton is $50 million

[VickRoxman2]

Unfortunately by the time the share price of Sayona sees some appreciation it will be to late to benefit TLG as it could have previously.  The company is burning through cash like crazy per month and they'll probably just have enough to get to announcing the financing of construction which will be 2nd half of 2024?  Maybe?    Maybe Sayona stock can at least get back to the

[templetooth2]

Keep in mind that the previous operator here went bankrupt in the midst of (at the time) similarly spectacular prices for battery-grade lithium. There is a HUUUge difference between battery-grade lithium and ceramic stuff. The previous operator was never able to produce battery grade. Or if you want to get technical, was never able to ship spodumene that their processor further down the chain