SYA 12.9% 3.5¢ sayona mining limited

General Discussion Topics, page-131001

  1. 13,529 Posts.
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    So in two days our shareprice/ MC has gone up 38% which would a spectacular result over a year year for most companies, it obviously can't keep this pace up and I'm supprised we haven't had a speeding ticket.
    When your Shareprice is 3.8c every pip represents a 2.4% movement so it doesn't take much to move percentages considerably in either direction.

    For me it's got all the hallmarks of a short squeeze based on a few events so it's something to enjoy but not get carried away with, the fundamentals haven't changed and we are still under a reveiw but the sentiment may have turned.

    Is it a case of where there's smoke there's fire, possibly but there has been a lot of smoke over the years and not a lot of fires. Rampers love smoke so be cautious, the company is the only one in possession of all the facts not individuals on a chatsite. Any potential partnership would likely come with a reduction in working interest or some other trade off, there is no free lunch.

    The price of concentrate is the real driver for SYA and that has yet to turn although has stabilised recently. Whatever I would rather be in looking out at the moment at least you can't miss out on any supprises, although that can be a two edged sword ...

    Cheers Whisky
 
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