Replies to post #3836 on Sayona Mining Ltd (SYAXF)

[TradingCharts]

Brett, a few month back said that they would auction off the first shipments. Because the price of lithium went down and it was not a good time to negotiate offtakes.

When Pilbara, did their auctions they were getting way above the spot price.

I do not want an offtake agreement right now. It would not be good for us.

We need to wait for the price to move back up.

Carbonate price has slowly rebound.
https://tradingeconomics.com/commodity/lithium

This is resent prices of spodumenee. As you can see price is way down. Not a good time for us to be doing contracts unless it is short term.

Australia forecasts brutal lithium price correction as output surges
Frik Els | July 4, 2023
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172276922

Also if Sayona, finishes the carbonate plant we will get a much better price. Which is suppose to be some time in 2026.

So, it would be a short term contract for spodumenee. Because Sayona, will be producing Carbonate. No longer spodumenee, after 2026.

Our day is coming.