SYA 3.70% 2.8¢ sayona mining limited

I expect another cap raise in May/June. Hopefully this...

  1. 1,945 Posts.
    lightbulb Created with Sketch. 730
    I expect another cap raise in May/June. Hopefully this co-incides with a recovery in Lithium prices.

    Lets use 11.3b shares as an example ( after a 1b share raise)
    $2.985b MC with 11.3b shares, we would need to hit
    26.4c/share to equal our ATH MC roughly.
    ATH share price 39c would give us a $4.407B market cap - that would be doable if we became profitable, definitely if we had funding/partners.

    1B shares at 0.08 would give us $80m
    1B shares at 0.12 would give is $120m.

    I wouldnt expect any cap raising at these prices of course, but I would accept it if we bacame profitable at the time we raised it.

    I know we all wouldn't like it, but I would always encourage the LT holders to be prepared for it. I would rather another raise than go into C&M if we were that close to making a profit.

    Let's hope we dont need to though. IMO

    (Sentiment is still my trading account)
 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
2.8¢
Change
0.001(3.70%)
Mkt cap ! $288.2M
Open High Low Value Volume
2.7¢ 2.9¢ 2.7¢ $427.9K 15.39M

Buyers (Bids)

No. Vol. Price($)
31 7480052 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 6654724 34
View Market Depth
Last trade - 16.10pm 21/08/2024 (20 minute delay) ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.