I am perplexed with the current share movement, especially in the last few weeks. Most lithium stocks have had their bull run, Sayona on the other hand seems to be lingering around the 15c-19c mark, despite our recent acquisition. Furthermore the recent interview with Brett and his entitlement take up gave me a lot of confidence about the company future. The way Brett talked about Sayona gave me the impression of a child in a candy store, who can’t barely contain his excitement. Plus the remaining entitlement of about 10m was swiftly taken up by institutional investors. And from a daily stock movement in the last few weeks, we can clearly see every time the SP was about to break through the 16c, there was a big sales order to prevent it from breaking through. And it happens on numerous occasions. My point is, I feel like someone I.e institutional investors are deliberately keeping it down for the purposes of accumulating. I believe we should be breaking through very soon, even tomorrow onward, as today is the last day to wash away all the outstanding shares with the latest CR.
Logically it just doesn’t makes sense, I was expecting we should be sitting around the 19c mark. Anyway will wait and see what happens tomorrow. Very strange indeed??
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