SYA 3.13% 3.3¢ sayona mining limited

General Discussion Topics, page-128142

  1. 3,079 Posts.
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    Since when has a market ever acted rationally on a share price? Between inflation and associated cost of living crisis, wars and lithium prices in free fall the market is in fear mode. An therefore your "charts don't lie comment is simply irrelevant". A chart IMHO never reflects a companies true value and simply reflects its marketable value. The average pleb of which wouldnt know a gem from a stone. Any expert doesnt simply look at charts to value a company unless they are playing ignorance is bliss. day traders look to charts that have overshot and have a low risk of further downside risk for a chance at profiteering. So how exactly can a chart never lie?????
    An while my resolve is unchanged on management needing to improve the by and large biggest impact on our "market cap" at present quite simply is Spod price. It has dropped by 80% in 6 or so months which obviously erodes our earnings capacity into the foreseeable future at present given we have started production. So on top of an already discounted valuation on all of the above its hard to argue we are not significantly undervalued at present not over valued.

    Though this will be shaped by activity in the Oct-Dec quarterly pending on cashflow, recoveries and other business activities of Sayona. No wonder people make multi-baggers on lithium stocks though, the volatility of Li stocks has been confirmed to me over the last 6 or so years.

    So what happens when lithium prices come back which will happen at some point? SYA isnt going to see a surge like we saw from 2020 again? Somehow I very much doubt that.

    But hey, keep telling yourself that your "chart" knows whats what......
 
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Last
3.3¢
Change
0.001(3.13%)
Mkt cap ! $339.6M
Open High Low Value Volume
3.3¢ 3.4¢ 3.2¢ $723.3K 21.93M

Buyers (Bids)

No. Vol. Price($)
182 43325841 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 2030189 8
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
SYA (ASX) Chart
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