SYA 6.67% 3.2¢ sayona mining limited

I think the market is becoming aware that SYA may not exactly be...

  1. 1,539 Posts.
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    I think the market is becoming aware that SYA may not exactly be the stinker that they all thought it was, perhaps many thought we should have gone into C&M a while ago, however with new info released there is a possibility that it could pay off. For the short term I dont see too many signals apart from a break of resistance today, however this has been broken a few times, however our last dip to 3.7c saw us dip below a long term resistance, this could have been a test to see if we fall lower than 3.7c on panic sells, however im inclined to see it as a spring rather than a bearish indicator. Im not going to make any massive calls at this stage its too early still floating around that 4c area for now, if we can push over 5.2c there may be some hope for a decent run north. For now id say hold, accumulate at low 4s as it could go sideways for a while before heading north closer to June where our earnings should be released which should include pricing for lithium above $1000, if our costs have decreased then this should indicate a break even or perhaps a profit depending on what we get from the offtakes aswell. However I think longer term 7c is easily achievable again, even if we dilute a little to fund Moblan.
 
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Last
3.2¢
Change
0.002(6.67%)
Mkt cap ! $329.3M
Open High Low Value Volume
3.1¢ 3.2¢ 3.0¢ $604.3K 19.39M

Buyers (Bids)

No. Vol. Price($)
14 1767950 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 7754377 25
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
SYA (ASX) Chart
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