SYA 6.67% 3.2¢ sayona mining limited

General Discussion Topics, page-120113

  1. 13,604 Posts.
    lightbulb Created with Sketch. 4678
    I would just enjoy some incite on what is happening right now with some plausibility.

    There isn't anything that's happening now that requires any particular incite, companies in the Lithium space will follow the price of Lithium to varying degrees, the only exception is LTR which has its price largely fixed by an offer.

    Shareprices get taken to extremes in Bull and Bear markets and catch most people out , we had institutions and sophs buying at 18c in the CR and directors at 15c .

    The company is in for the long haul and is in good financial shape to weather this particular downturn thanks to the boards foresight to strengthen our balance sheet plus high but reducing margins, I wouldn't want to be raising cash at the moment, it seemed painfull enough at 18c..

    This is a sector in its infancy and there will be plenty of hiccups along the way ..

    Cheers Whisky


    Last edited by Whisky49: 27/09/23
 
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