Share
3,310 Posts.
lightbulb Created with Sketch. 185
clock Created with Sketch. 05/05/16
21:08
Share
Originally posted by supermajor
↑
Looking forward to hearing they have commenced lithium exploration as per Quarterly in early May. Amazing that SYA blasted from 2 cents to .078 and over 40 million MC in a couple of weeks on an announcement that they commenced lithium exploration. Interesting that they had only just applied for the ground and is still 6 months or so away from even being granted. On top of that they are well overdue for a CR as they must be just about out of cash . In spite of this, they are still sitting at over 25 million MC today with nothing more than a very mediocre graphite deposit that has been shelved and drill results pending from a European graphite interest that they acquired along the way. By comparison, here we are with granted ground about to be explored that already has proven presence of lithium and cash in the bank and 11.5 million MC. If we completely ignored EXC's the robust gold assets, even though one about to go into fully funded Production, which will be a fantastic revenue generator for EXC even at the discounted gold price, it's hard to see why a MC closer to SYA's isn't justified just on the lithium exposure? If that logic stands true, this rerate has only just begun.
Expand
I think SYA is riding on the rep of the directors (3 from ajm & 1 from ore - from memory). For now anyway. Their combined experience must count for something
