In today’s briefing:
- Sayona Mining Placement – Has Remained on Schedule with Increased Coverage
Sayona Mining Placement – Has Remained on Schedule with Increased Coverage
- Sayona Mining (SYA AU) is looking to raise around US$129m in its primary follow-on offering. Proceeds will be used for CAPEX needs and working capital, amongst others.
- The deal is a slightly large one to digest at 17.9 days of ADV and 12.1% dilution.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
💡 Before it’s here, it’s on Smartkarma
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