Short Term Trading - Week Starting: 10 Aug, page-266

STTCOMP SYA, FA Short

SYA (Sayona Mining Ltd)
Graphite explorer
Market Cap: $12m
Last price: 3.1 cents

The placement of SYA has completed and folk will receive their stock this week

The placement was completed at 2.5 and the stock is now 3.1

The stock was .001 , less than 3 months ago , and they issued triple their previous market cap in raising funds at 2.5 or 25 times that price.

I think the stock might fall as a lot of past investors take profit , before rising again later in the year.

I think the stock will drop below 2 cents as their is unlikely to be to much news regarding their current project in WA , or on the overseas investment they are considering and will need to raise further cash for.