SYA 8.57% 3.8¢ sayona mining limited

Ann: Change of Director's Interest Notice, page-27

  1. 12,830 Posts.
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    I'm gonna reply here to my own post. Namely because you can further add to ALL of the above observations these comments

    ...... So after you do take into account the above observations of Crawford's selected conversion and acquisition price , you can ask yourself what does a 27.5% return off the 19.25 cent get you to in terms of Share Price ....... sneaky.png

    Well it gets you to almost EXACTLY what the ASX 10 day VWAP prices of 24.35 versus 24.225 cents !! And what I was simply rounding back to that key trading range of 24.25 to 24.50 cents per my ' Snap Back ' estimated price once the post capital raise and the market sentiments settle down.

    So Crawford's move it would seem would also suggest and add further support to this observation and proposed Share Price ' retracement ' price point.

    So as I've said before , ' you just gotta love numbers ' and what they potentially suggest and ' speak out ' to you about ......sneaky.png

    And Its interesting as well that the 24.25 cents coming from the 15.0 cents and the Director's options meets BOTH criteria in satisfying the key Fibonacci ratios of 61.8% with 15.0 being EXACTLY 61.8% from the pre raise 10 day vwap of 24.25 - 24.5 with the bounce back reversal to 24.25 cents being also a good measure of movement on 61.67% upside from the theoretical 15.0 cent Directors Options conversion level.

    Upshot here is that I am more than happy to see the next BIG move or ' Snap Back ' to the range of 24.25 - 24.5 based on Paul's more than ' Purposeful ' selection of pricing on his recent conversion of options and acquisition of 3,155,000 new shares at 19.25 cents per share.

    If you then use the 50% ' unofficial ' but accepted Fibonacci movement off the 19.25 cent Crawford acquisition , you are then back at 28.75 - 29.0 before you can even blink.

    Then of course 31.25 - 31.5 cent and then 33.5 - 34.0 cents being the next reversal levels based on Fibonacci alone.

    And ALL of these price points fit very nicely with the ones which I had already calculated and assumed. So it's just further support for the logic really......wink.png


 
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