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lithiumburn

4,674 Posts.

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01/09/21

18:40

Post #: 55759479
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Originally posted by Silent-Bubbles: ↑

One day and / or one hour does not make a trend.... Have a look at a few of the other ones like CAD ( Hemi GOLD / US Lithium brine) still double their recent CR of .007 cents with over 5 billion or so shares on issue or thereabouts , LPD as was mentioned today as a comparative Lithium play hit 2.5 cents after it's recent raising at 1.3 cents. So almost double. But it also hit 2.0 cents today as well before the rally. LKE is another one who is trending up because it has done this innovative 2 tranche ' Bonus Share style capital raising which will eventually see it raise some circa $100 million in capital....so that was very creative with the FIRST Tranche effectively fueling and leveraging the 2nd. They all have different methods and you can see which ones are the standouts and which ones will be solid outperformers.

Sayona is different again because it's just taken out and acquired the BIGGEST near term and historical lithium producing plant for a meager C$75 million cash.....saving it HUGE amounts of capital as we move forwards as compared to other budding exploreres / lithium miners. So even those who were bagging out LKE in favor of SYA were completely wrong. They have no idea really , and in my view it is not necessary to trade off one company at the expense of another. So the point here is that people need to get their facts straight before they go off half cocked with unsubstantiated statements.

So much in the same manner as the most notorious down rampers who provide absolutely nothing to support their comments. It's ridiculous. I do my own charting do not see a ' Down Trend ' worst case scenario is it goes back to 12.0 cents support. But that would still not constitute a down trend in my view. More a trading opportunity would be how I would call that.

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Take it easy pal.
You feel the need to belittle a poster because he's not pumping your beloved Sayona.
Do a post on the marsupial, sachz and shagz bot theory if you don't want to come across as the one eyed fanboy. You may gain some credibility

SYA Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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