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PDDTF - Revisiting Sayona Mining I'm Still Bearish Following The Recent Developments
Piedmont Lithium Limited
The company is inching closer to buying the assets of North American Lithium and has launched a $36.9 million capital increase.
Lithium prices have been soaring in 2021 and this has pushed the NPV of Sayona's Authier project back into positive territory.
Sayona's situation looks much better than in February 2021, but I remain bearish as stock dilution is inevitable and high lithium prices might not last.