I have been in this stock for over a year now having bought a substantial holding in the early 3's. I think what we are seeing now is a sell down on weakness (due to capital raise) and what looks like a delay in granting of environmental licenses. I would reiterate that this is a delay and not a rejection- SYA are still in compliance with environmental policies albeit there does seem to be some local resistance. Quebec is known to be a mining friendly duristiction ( it's not DRC) and the government need toshow a degree of pragmatism in assessing the benefit of encouraging mining investment. Sayona haven't broken any laws and to date have actively engaged with the locals- this is a fact. What needs to happen now is a balanced debate and both the locals, government and sayona have to meet half way. The recent capital raise provided a useful cash buffer to allow negotiations to take place- sure the short term traders will be disappointed as the expected pending DFS won't allow for a quick 100% gain however, the fundamentals haven't changed and we still have a well versed, extremely experienced mgt team to deal with the on going discussions. IMO water supply in any community should be protected and Sayona mgt owe the community a duty of care to ensure this happens- so long as they do this everything will be ok. I for one wouldn't invest in a company that is socially irresponsible and I believe mgt are of a caliber to see this through.
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.2M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.4¢ | $716.1K | 20.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 8111041 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.6¢ | 12582608 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 7161525 | 0.035 |
23 | 11001761 | 0.034 |
42 | 13399817 | 0.033 |
63 | 9115798 | 0.032 |
31 | 8154489 | 0.031 |
Price($) | Vol. | No. |
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0.036 | 12105177 | 25 |
0.037 | 12422795 | 38 |
0.038 | 15771088 | 31 |
0.039 | 9230259 | 26 |
0.040 | 6810721 | 37 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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