SYA 5.26% 3.6¢ sayona mining limited

Ann: Investor Presentation, page-71

  1. 1,521 Posts.
    lightbulb Created with Sketch. 164
    Yep and soon their going to get burnt, retail will hold on for a tad and lose lots of money (AI isnt near profitable enough at this stage to support current valuations) then the ones that got out early will go shopping for cheap stocks set for growth, lithium will have another rally plainly because its unsustanable where it is, just have a look at ALB PLS etc they are struggling under current pricing, hence why it needs a correction (which it will have given some time) at that stage a rally will happen bringing with it smart investors at first (most likely who is accumulating as the price is dropping at the moment) then the correction will start and alot of cautious investors will stay away at first. Little by little prices will go up only to be shorted down, over time there will be higher lows and higher highs, this will issue a signal to technical traders and theyll start buying, eventually there will be some more positive articles and less negatives.

    Now who is set to gain the most from a lithium boom? Its the beaten down stocks, their narrative will switch, for now its accumulation time until the narrative switches price will drop to scare investors into thinking that the growth is non existant.
 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
3.6¢
Change
-0.002(5.26%)
Mkt cap ! $380.8M
Open High Low Value Volume
3.7¢ 3.7¢ 3.6¢ $510.4K 13.84M

Buyers (Bids)

No. Vol. Price($)
56 7792932 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 4630735 20
View Market Depth
Last trade - 10.50am 28/06/2024 (20 minute delay) ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.