Its truly amazing what you can start to ascertain from a simple set of ONE day numbers.
So with this single day broker data , the TWO things that stand out to me are this :-
FIRSTLY : I find it very interesting that the recently formed ( 2020 ) broker / bank Barrenjoey who has backed some incredible large sized deals being the Ramsay Health KKR pitch together with the 2021 $21 billion Sydney Airport deal as well as the $11.7 billion Origin Energy deal from Brookfield and EIG .
But interesting it was the Ramsay deal back in May 2022 which launch the privately held Barrenjoey backed by BOTH the beleaguered Magellan as well as Barclay's which catapulted Barrenjoey over the top of both GOLDMAN's and Macquarie to claim No. 1 spot on the M&A deal makers list.
So while its only ONE day of broker data and from this if we assume Barrenjoey is selling SYA short for 5 million shares , who's to say they didn't BUY 10 million the day before or the day before that.
But it is interesting as you play around with the angles of ' opportunity ' and strategies played by these indiscriminate ' under the radar ' fringe players who just ' Pop ' out at you.
So they ( Barrenjoey ) are actually very much BIG time in the BIG deals space and whats equally interesting is that back in February 2022 just before they Hit the top of the M&A boards , they pinched one of Goldman's top executive Peter Watson who not only head of metals and mining for Australia and Neq Zaland but also Goldman's was Goldman's Perth Office MD until Melbourne's Gavi Friedland came across in Sept 2021 and took up the reigns in Nov 2021 together with Godman Director Nick O'Halloran who also relocated to help bolster the W.A resource coverage and opportunities.
But whatever you want to think , it gets even more interesting ( not just because of this Goldman's connection ) , but also because it was only back on Sept 12th 2022 that Barrenjoey applied an industry wide valuation for the Lithium sector of some 86% projected upside for 2022 /2023 , and in particular significant valuation upside calls on Pilbara Minerals , MIN , as well as IGO.
Now the call on IGO is particularly interesting together with the potential ' short ' angle from Barrenjoey's ( if you want to take that angle ) ,......because as everyone should know here that IGO has also invested in the Lithium 100% held downstream JV with Tianqui Lithium Corporation at Kwinanna as well as the 51% of the Greenbushes Lithium / Tantalum mine in W.A through its ( IGO's ) 51%/49% stake in Tianqi Lithium Energy Australea ( TLEA ) .
So one angle could be that Barrenjoey ...despite its rather bullish 86% call on the industry has a vested interest in suppressing the International competitiveness of a an emerging hardrock peer which may potentially be sitting on something even larger than that of the World scale Greenbushes mine with ALL its Tantalum credits etc....
I mean , Whabouchi which is only just to the North of Moblan was originally touted as North America's answer to Whabouchi back in 2018 / 2019 and before/during the lithium mach deux crash. So its interesting and not all that surprising that the Quebec Premier had stated that he was NOT keen on another share market listing for their salvaged Nemaska due the obvious market vagaries that he obviously felt had contributed to its demise.
So bottom line is you can make your own decision as to whether Barrenjoey's is Friend or Foe - But the mere fact that they are participating should tell us something of the importance of Sayona and its Global positioning in this space.
The other point I would make in contrast to this selling observation is the counter BUYING reflected in this single days figures by the Sequoia Financial Group owned Morrison Securities which is primary set up to service the AFSL customer base of Financial planners , financial advisors , banks and building societies which you could argue that despite their obvious activity on this particular day , they are primarily represented by the ' Quality ' net BUYs of longer term Investor type holders.
Any way , just a couple of observations I cherry picked out of the limited observations you can conclude from a single days broker data without comparisons to other more broader time frames.
Irrespective of what angle you contrive is going on , one observation I don't think we can all argue with is that this Forum seems to be in some sort of a controlled downward spiral of irrelevance designed to almost ' deflect ' our attentions in some way. And not blaming anyone for this because its just something I guess that happens due each and everyone's separate stages of frustration in their own strategies. For the seasoned Investors out there , this tactic will almost certainly never be successful. Imagine if you were a short right now. How much have they actually made in the last 6 weeks of more or less sideways trading activities. And the questions of ' When ' should they cover must be looming fairly large right now I would think. So its pure stress and anxiety coming through the narrative I would think. Then there are those who are already massively down. How must they be feeling right now. So all of these ' emotions ' are reflected for whatever individual reasons in a ' social media ' investment forum.
I understand that , so in the end lets just take it from the real ' Muppets ' ...who have their own ' Feelin's ' ......that one of these nights will be a ' Good Night ' , and that will be that....
As some have stated already. Better to hold tight your positions and mitigate your overall positions in some other way that fall into the noise and do something you'll regret only to then be left behind when the Night comes and the SP momentum shifts in the other direction leaving you behind.
And there is still so much going on here that most people still haven't quite twigged onto yet. That's my ' Feelin ' at the present moment......
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