SYA 4.17% 2.3¢ sayona mining limited

General Discussion Topics, page-131183

  1. 12,830 Posts.
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    The problem is , and indeed if it is in fact the shorts who are being squeezed and covering ... In an ideal situation , the shorts need to have a ' Controlled ' level of Buyers ( being mainly themselves ) in which to cover their loaned positions.

    Trouble is now , is that interest is building outside of that paradigm , and which is prepared to keep bidding over the top of their controlled buys ( coverings ). No longer is it going to be good enough to buy and sell back to yourself in making your paltry margins on an obviously bottomed out Share Price.

    So they are now having to compete more now with the NEW and FRESH buying interest at these levels.

    And everyone and their uncle must be running the rule over a number of beaten down lithium stocks to see which one they feel is now going to emerge as the one which should have been valued much higher than some of its peers 12 to 18 months ago.

    So out of the ashes often rise a NEW bunch of Industry front runners.

    Remember CXO was in fact FIRST into the ASX 200 with a higher valuation prior to SYA recently leapfrogging them based on ' Reality ' . LTR is now at less than $3 billion market cap and Patriot and Winsome have also now settled back into their rightful ' Exploration ' ONLY valuation models.

    So even though Sayona was up there in the ASX 200 , for many reasons it was ALWAYS seemingly trailing its peers.

    But I don't think this will continue to be the case going forwards with Sayona set to move to the front position in the valuation stakes.

    And why not I say , as we are the ones with the HALF built carbonate plant and 50% of our yet to be bid for concentrate production as a HUGE bargaining chip for any pending M&A or JV partnering propositions.

    We also are the only ones outside of Nemaska's Whabouchi , Critical Minerals Rose , and Arcadium's James Bay lithium project that have permitting and or are significantly more advanced in nearer term Environmental's than any of the others with respect to our Moblan project.

    We also have the large tacks of strategically positioned and contiguous claims in THREE of the most highly sought after Lithium districts in Quebec ......, as well as Australia.

    So what not to like about NEW investors choosing Sayona as the next Industry producing front runner on valuation.

    There is much to like here and this is why the shorts will be scrambling and fighting hard to engineer a less damaging exit in the face of perhaps overwhelming NEW buying Interest.

 
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Last
2.3¢
Change
-0.001(4.17%)
Mkt cap ! $236.7M
Open High Low Value Volume
2.4¢ 2.5¢ 2.3¢ $337.1K 14.25M

Buyers (Bids)

No. Vol. Price($)
64 14483458 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 5943785 11
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Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
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