Canaccord Genuity’s desk launched a $60 million block trade in Sayona Mining after market close on Wednesday, seeking buyers about 11.2 per cent of the company.
Lithium prices have continued to tumble. The New York Times
Fund manager sources said the seller was Piedmont Lithium, a miner listed on both the ASX and the NASDAQ. The trade was priced at 5.2¢ a share or an 18.8 per cent discount to Sayona’s last close. Bids were due 5:30pm.
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