SYA 3.13% 3.3¢ sayona mining limited

General Discussion Topics, page-98259

  1. 3,079 Posts.
    lightbulb Created with Sketch. 1159
    The window is never a set period. As its a very grey area.

    Management obviously just have to be aware of the timing that they decide to trade as the last thing they want is to be seen as an inside trader.
    As per the company website though:

    TRADING PERMITTED DURING A PROHIBITED PERIOD
    Provided that an Individual is not in the possession of price sensitive
    information, an Individual will be able to deal in Company shares and listed
    options during a prohibited period where the transaction is one of the following
    types:
    • A trade in the period between the release and the record date for an
    issue of shares or listed options in the Company under a prospectus (or
    any other disclosure document under Chapter 6D of the Corporations
    Act).
    • The subsequent issue of shares or listed options in accordance with the
    prospectus or other disclosure document (including the underwriting of
    any shortfall as set out in the document).
    The exercising of options (including unlisted options) during the month
    immediately prior to their expiry date.

    • Undertakings to accept, or the acceptance of, a takeover offer.
    • Transfers of existing holdings of shares and options which do not result
    in a net change in the Individual’s overall holding.

    So currently my personal assumption is that 1) the pfs has not yet been received by management and is still in preparation 2) its not a price sensitive piece of information (if they have it). As per the above bold point it looks as though he has left it to almost the last minute to take them up due to likely the moblan released info mid last month. Probably thought it would have had a larger impact on price.

    Obviously they need a trading window to meet their own personal financial commitments, it just being careful when they do it.
    Last edited by Kevo88: 10/05/23
 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
0.001(3.13%)
Mkt cap ! $339.6M
Open High Low Value Volume
3.3¢ 3.4¢ 3.2¢ $723.3K 21.93M

Buyers (Bids)

No. Vol. Price($)
182 43325841 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 2030189 8
View Market Depth
Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.