SYA 0.00% 3.4¢ sayona mining limited

General Discussion Topics, page-136489

  1. 13,592 Posts.
    lightbulb Created with Sketch. 4670
    So, you're content with a SP languishing at 3.9 cents. Happy for it to be there for what, another 6-12 months?

    Didn't say anything of the sort, like you I have no idea what the shareprice will be in 6-12months but whats required to get it higher are in place and the results won't be known for several months. I hold with that understanding...if spod prices fall or rise that time the scenario will change again.

    Unlike you I judge management for what they are doing to keep the company afloat , shareprices take care of themselves in their own way, the market is much bigger than any company.
    At 39c we were ludicrously overvalued and at 3.9c hopefully be proven to be ludicrously undervalued only time will establish that.

    Your sports analogy is pointles we are dealing with a collapse in a commodity price and a relatively weak bounce that has uet to prove sustainable..However there are plenty of examples of coaches proving the critics wrong, herd mentality and kneejerk reaction of fans often prove to be wrong in hindsight. The only similarities with HC and sports teams are emotion and when it comes to stocks emotion is dangerous and can go on for months not 45 minutes.

    I don't enjoy the current shareprice any more than you do but there is no magic bullet.

    Cheers Whisky



 
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