https://hotcopper.com.au/threads/general-discussion-topics.5393993/?post_id=65491118&embed=1" width="500" height="1672" style="border:1px solid #DADADA;overflow:hidden" scrolling="no" frameborder="0" allowTransparency="true" allow="encrypted-media
It’s wedding season so I’m a bit short on time (am visiting 4 within 2 weeks!). But, guess where SYA ended up on Friday? The beautiful 25.5cent mark.
I was off with the timing a bit. Took 3 weeks not 2. However, instead of being a P&D like the first rise from 12 cents to 18 cents and back down to 13 cents, this time it is different for two reasons:
1) global markets were declining in June 2022, but have turned bullish in the past few weeks. So, positive macro conditions
2) the obvious cup-and-handle… the longer the timeframe, the stronger the pattern. It expands over 10 months. Now; the 10% shorting could be the funds keeping the SP down… simply to accumulate and let it run when the technical and fundamental factors align. There’s been UNCERTAINTY regarding the offtake partners, drilling results, DFS, government grants, etc. So, the handle got longer and longer and longer… until it will be as long as the cup: 4 months, 3 weeks.
Of course, what if it breaks? Because fundamental news is below expectations. Why?
- Consider the NAL PFS used $1,300 (or thereabouts) pricing, and currently 5.5% spodumene is fetching US$7500. The NPV exceeds $5B.
- Consider the importance of the assets Sayona owns to the Canadian EV footprint. Are any funding issues, permit issues, or ANY DELAYS going to be vital for Canada to address? Are the miners or buyers at the steering wheel? Ask Benchmark Mineral Intelligence… and its miners.
Taking a step back there’s the Sayona specific factors and the political tailwinds. It’s a puzzle that if you study is only going to have a good outcome. And the BEST outcome if you asked the Canadian government. So where do we stand?
I’m going to throw a guess and say 27.5 cents close today. Remember 17 cents was only 3 weeks ago… 39 cents, here we go again. For the third time! Stay well folks
- Forums
- ASX - By Stock
- SYA
- General Discussion Topics
General Discussion Topics, page-86112
-
- There are more pages in this discussion • 55,902 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
Add SYA (ASX) to my watchlist
|
|||||
Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $308.7M |
Open | High | Low | Value | Volume |
3.0¢ | 3.1¢ | 3.0¢ | $655.3K | 21.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
131 | 33563667 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 503427 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
122 | 31389515 | 0.030 |
48 | 7665323 | 0.029 |
47 | 4292696 | 0.028 |
17 | 3625816 | 0.027 |
6 | 3768118 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 503427 | 5 |
0.032 | 5408251 | 27 |
0.033 | 4269484 | 22 |
0.034 | 8261043 | 26 |
0.035 | 11425516 | 35 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |