Riding the waves - as against riding one wave. No point in selling at a loss and waiting for an if or but or whatever. Unless SP heads above 10c the holding stays in the bottom draw. Going long and if all falls in place (and it may not) then sooner or later there will be another wave - perhaps bigger then the one before. Surfers look for big ones but keep surfing irrespective of size as one never knows when a bigger one hits.
So yeah, different strategy - guess longs are at loggerheads with short termers - but one thing is certain - patience is a term that longs are used to even as some may have lost it.
Bid failure may result in pullback (not certain though), in 6-8 weeks may get some positive drilling results - but in any event some here have timeframes measured in multiples of months or even years - equally some like yourself count the pips daily.
No one can tell for sure where Sayona is heading in terms of SP - it is a spec stock still and will be for some time. Sayona's turn in becoming a miner and subsequent producer/supplier, is still a while away - if ever. Risky at best and yet the SOI indicates strong interest. Being debt free and holding resource rich tenements, sooner or later something positive is bound to happen to underpin company and hence SP performance.
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3.4¢ |
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Mkt cap ! $349.9M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.2¢ | $1.588M | 47.74M |
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No. | Vol. | Price($) |
---|---|---|
23 | 6079508 | 3.4¢ |
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Price($) | Vol. | No. |
---|---|---|
3.5¢ | 5457623 | 20 |
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No. | Vol. | Price($) |
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22 | 6049508 | 0.034 |
17 | 4450946 | 0.033 |
22 | 5799935 | 0.032 |
27 | 3583875 | 0.031 |
50 | 8310953 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 5457623 | 20 |
0.036 | 8470157 | 23 |
0.037 | 7147542 | 23 |
0.038 | 4649316 | 13 |
0.039 | 3178276 | 23 |
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