General Discussion Topics, page-84125

Yep , and with respects to Sayona's more recent performance , its worth noting that 2 of the 3 BIGGEST trading days in over a month were those TWO trading days which combined for well over a 140 million shares traded on 28th & 29th of December when the SP touched the 17.0 cents lows on both days and closed at that price on the earlier of the 2 days on the 28th which had not been seen since the 16.0 cent close on 20th July and just before its ' snap back ' rally to 26.0 cents 14 trading days later on Tuesday 9th August 2022.

Interestingly the very next day on 21st July , the SP traded a MASSIVE 102 odd million and closed up f18.75% from its 36 odd million traded on the 20th. And this was on basically ZERO news because the Waratah E&D fund / Lithium Royalty Corp and the $1.5 million news coming in for Mt Edon and Tabba Tabba news didn't come from Morella until the 25th July 2022.

Anyways , so looking at the Sayona SP numbers now , it would definitely seem as though ' Reverse FOMO ' is working against those shorts who didn't take advantage of the ' switch ' at 17.0 when they had the opportunity.

So now the risk is definitely on in the sense that the SP will slip away to the upside quicker than any of the less experienced , and thereby evaporating any profits they might have otherwise obtained and for those numerous shorts who took positions at 22 - 24.5 cents.

So yeah , that's what the numbers are telling me now. And wouldn't be surprised if the SP hits the first historical milestone over the ensuing couple days ahead and to see out this week's trading.

Interesting as well that Piedmont's announcement was released and / or picked up by no less than 4 times over the newswires including DJ as early as 6:50 am , 7:07 am , 7:22 am , and 10:04 am ET from North Carolina and yet on ' Double ' the average volumes traded over on the Nasdaq for the last 65 days , the SP still manages to close itself on a ONE -WAY trip down 2.75% while the SYAXF's trade's up 4.86% and 16.27% in their last 5 trading days since 27th December.

So obviously the ' Deal ' would have been ready and available the day before right ?

But I guess it is plausible due the 1 hour time zone difference between Austin and Belmont that Tesla agreed for the release in the time after effectively just signing in what obviously was the pre-market hours before market opening.

And of course the announcement for whatever reason Piedmont and / or Tesla decided to go with it , it was largely overshadowed by Tesla's further drop of 12.24% and over 40% just in the last month on further misses on its own market analyst expectations emanating from its widening production gap numbers and other worrying global demand figures coming out of China and elsewhere.

So is this factor more the reasoning behind North American supply to Tesla verses say keeping you power dry for the up and coming Fords and G.Ms who whilst down almost identical amounts of 12+ % for the last month but interestingly UP 4+% over the last 6 months while Tesla is down over 53 % the last 6 months.

So perhaps Tesla is not as safe a bet for our future as many would like to think. Therefore we not so much NEED to look elsewhere , we MUST look elsewhere for other tie-ups and commitments.