SYA 0.00% 3.3¢ sayona mining limited

lithtium related article, page-45

  1. 12,830 Posts.
    lightbulb Created with Sketch. 15644
    They're playing games with us folks. Out of the 120,242,789 options issued under the placement and subscribe rights issue , a total of 74,557,299 have been traded to date ...or should I say ABSORBED since listing. That's a staggering 62% !! changing hands since listing.

    Now I know that the spread on the options has been quite favorable and disconnected to the heads most of the time.. ....and that's the whole point Folks. If you look at the options modeling the ' risk ' value has been non existent. It would have had to have been priced very very low when volatility was clearly high. That's what's wrong with the whole thing. The pricing on the options was done IMO purposefully in this way and with absolute intent. Obviously they know that funds will be raised at 7.8 cents with absolute certainty. Run the math yourself and you will see I am correct.

    And it looks a little strange that there are ' neat ' little parcels of 1,000,000 at .021 & .025 with another rather large parcel of 500,000 offered at .017 now when its was up 20% at .018 cents. That would mean the sellers of 1 million would have had to had either 22,000,000 shares allocated ( unlikely ) or issued in the placement ( also unlikely ) or there is just a clever ' cookie ' or ' cookies ' setting the trap in soaking the remaining balance and / or dragging this up with clear intent knowing there is absolutely no risk attached.

    Either way if the oppies keep behaving in this manner there will be a very succinct snap back in the Head Stock - without a reasonable doubt IMO.....
 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
0.000(0.00%)
Mkt cap ! $339.6M
Open High Low Value Volume
3.3¢ 3.5¢ 3.3¢ $1.005M 29.75M

Buyers (Bids)

No. Vol. Price($)
66 19931536 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 1375718 10
View Market Depth
Last trade - 16.10pm 17/07/2024 (20 minute delay) ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.