SYA 2.70% 3.6¢ sayona mining limited

Ann: NAL Acquisition Finalised and Production Plans Advance, page-105

  1. 1,292 Posts.
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    I have a friend that bought $1million into a stock @ 1c 10 years ago. The stock went from 1c-21c in a period of 12 months which gave him a net value of $21million if he had sold it. He chose not to sell, and the stock went all the way down to 2c. Than the company decided to candidate 1 to 10, which brought forward the SP to 20c. For the next 6 years saw its SP hovers around 12c-20c and recently 51c. The point of the story is that once a share is consolidated, which might sound romantic to some people, there won’t be much share Price movement like what we are seeing now with Sayona. (Another example is Galaxy Resources, look it up) We are just starting out, let it grow, why would you want to stunt its growth. Same things with takeover, the best premium most companies will pay is around 30-50% maybe a bit more, that is it. And why on earth would we want PLL to take over us??? They have a huge problem to deal with atm, I definitely don’t want them to drag us (Sayona) down. Sayona has all the ingredients to stand on its own feet, i.e., finance, government support, great location, huge demand for lithium, production by 2023, great market timing, growth stock and many, many more. If you don’t believe what I have just said, simply google “take over” or share consolidation and read up about it. It’s not that hard. Finally, can we please knock it off about the $36 billion MC or $6 SP, I know we all wanted to be millionaire, but I rather we are being realistic about our expectations. For those people who invested $10K @7.5c expected to 10 or 20x your earning (that is fantastic already), which will bring your holding up to $200k. So, you’re not going to be a millionaire, unless you bought in when it was sub 1c. Get the facts right, please. If you don’t know something, keep it to yourself (STFU) and don’t scare other investors, who are trying to learn.
    Last edited by Timtam15: 30/08/21
 
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