SYA 3.03% 3.4¢ sayona mining limited

SYA Chart, page-1826

  1. 1,843 Posts.
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    Solid consolidation at these levels.
    Our fate is predetermined.
    Don't sweat that we haven't launched yet, it will happen when you least expect it.
    This is just a right of passage upon entry into the ASX 200. Shorting, manipulation, capping, accumulation.....
    Let these white collar criminals do their thing....all you need to do is tune out for a while...

    It happened to PLS and more recently to CXO.
    Shorts down to 7.3824% on commsec's IRess, not as high as CXO which got into the 8's.
    I feel they may have peaked and are starting to think of closing their positions...getting very risky for them now.
    There is just too much support at 20-21.5c for them to enter now and not enough margin to warrant the risk.
    I think they are getting the picture that some of the big boys have set the support level and wont let it falter.
    Combine that with a macro where the bulls finding support and are making some ground.
    Time to bail shorters....

    Just as we head into production, so too will the improving macro support our ascent.
    2 year and 10 year treasury yields are slowly decreasing..
    CPI seems to be slowing and may have peaked, with the delayed effects of recent rate hikes not yet seen in the data.
    It could quite possibly show up in a big way next month.

    I do feel though that Wall street feels this is imminent, as witnessed by the bulls actually making some headway, with a possible 2 consecutive strong green trading sessions, if tonight's futures are to be believed.

    And heading into the last 2 and half months of the year, we have some great announcements pending, with some 'out of left field' ones dropping, as witnessed today.

    I don't have enough time....and am not smart or patient enough, to be in and out of a stock to capture the big green runs and make money.
    So, I play the long game.
    We have seen a couple of great runs up with Sayona, but the best is definitely yet to come.
    It will happen when you least expect it...the release of that god damned handbrake..... and when it does, you need to be onboard...those big gains are made from only a handful of days/weeks a year.

    We are at solid support levels with the market heavily contracted.
    We may even be 'seeing a perfect storm' emerging for a rise in SP.

    The bulls returning to take control of the market with an improving macro outlook and inflation peaking, bond yields falling, a weak Australian dollar, a record breaking lithium market, which is tipped by experts, NOT SELF SERVING INSTOS, to continue.....and in comes Sayona.

    A bottomed/suppressed SP at 21-22c ...
    Strong support levels in a depressed market...........
    Being traded in a tighter and tighter range....Coiled up tight by relentless accumulation , shorting,capping and manipulation..........coiled tight and ready to launch...........

    Largest resource in North America, first spodumene producer in Nth America.
    $180 mill-fully funded with no debt.
    Great local, regional and federal Canadian/Quebeca support, with an increasing push by IQ for local production.
    Extensive engagement with local first nation people, heavily involved and employed.
    No staff shortages-local staff employed and onsite, the majority of which have worked previously at NAL.
    ( This was one of the IQ mandates in the original NAL monitor document)
    A local CEO who is connected and well respected in the Quebec mining community, in a 1st class mining jurisdiction.
    With a spodumene concentrator which will begin testing in 2-3 weeks, and produce commercial quantities within 4-5 months
    With 50% of a lithium carbonate plant already in place and EVERY INTENTION of DOWNSTREAM REFINING, probably by 2025, in what could be the first integrated mine, concentration and refining plant in North America ( if Whabouchi doesn't beat us to the punch)
    Eligible for the Inflation Reduction Act concessions, in one of the biggest Auto and consumer markets in the world.
    With a mining contractor sorted and already digging 24/7 -365 days a year.
    A logistical rail contractor selected to deliver product to a deepwater Panamax bulk carrier capable port.
    An ever expanding resource and probable second Northern and BIGGER lithium hub, bigger tonnage, better grades and a hydroxide plant fully integrated onsite.
    Development of assets in the finest mining jurisdiction in the world-WA- prospective for lithium and gold, 10km from one of the most significant Australian gold discoveries in recent memory...and a very underrated graphite prospect....which has naturally occurring massive flakes of graphite.
    With a board who is doing rather than speaking, acting rather than posing, who has hard, tangible respources, assets and production facilities, rather than plans,blueprints and good intentions......

    DO I NEED TO GO ON......BECAUSE I CAN....

    Let the nay sayers call 13c or 10c or whatever the hell their agenda is this week....

    I have been here a long time, not as long a some...I know.....

    There are some great people here who I hope one day I can shout a beer, or a Louis XIII...and we can reminisce about those long dark days pre NAL....pre production....

    I have researched, researched and researched,,,,,,,,accumulated from 1.9c... hung in there and gone long......

    I have made it into Sayona's 2022 annual report....

    I will go to the AGM and air my grievances...question Crawford about his broken abacus and have Brett enlighten me on the finer points of the continually changing PLL offtake....before I cast my vote.

    Even with our companies shortcomings, I still keep coming up with one conclusion...the only way is UP!!!!

    And the chart says it all...

    https://hotcopper.com.au/data/attachments/4762/4762359-71157bdbda905d920dfa10885aab6080.jpg


    Hang in there people, the days I dreamed about are on the horizon and within our grasp....

    Is there a lithium producer worldwide, in full production, with a market cap less than AU$6 billion?
    And don't come back with CXO, they are just getting started....

    IMHO...THIS IS JUST THE BEGINNING.....


    Good luck everyone....
 
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Last
3.4¢
Change
0.001(3.03%)
Mkt cap ! $349.9M
Open High Low Value Volume
3.3¢ 3.4¢ 3.3¢ $381.2K 11.37M

Buyers (Bids)

No. Vol. Price($)
69 16672213 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 7359997 21
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
SYA (ASX) Chart
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