Ann: Investors Back Moblan Acquisition With A$100m Placement, page-85

Given that piedmont aren't taking up their rights offer, and the discount on the 30 day VWAP, I have no doubts we'll see this consolidate around the 15c-17c mark until more price sensitive news. The amount of shares issued at the given price, regardless of the announcement will only further dilute the public register, which is why I was hopeful piedmont WOULD take up their rights allocation so we wouldn't have to churn through another couple of million shares at a discounted price. Given that we've been churning/consolidating for a few weeks already, I don't think this raise will be handled well by the market. Adversely, the stock market is an unpredictable beast, Sayona has a lot of upside in the short-medium term so I could be completely wrong

regardless go SYA!