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MilesCC

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17/03/21

16:31

Post #: 51840523
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Originally posted by Sweetsound: ↑

Indicated in my last post that in the absence of further news from SYA I'll refrain from posting - but then I saw yours and thought I'd respond.

So - PLL is way overvalued - wholeheartedly agree - so is Tesla. Sustainability - we'll see - suffice to say I would not touch either directly period. Much of the US markets are in my opinion overvalued and I'd be very nervous buying in a lot of stocks for fear of sustainability. There is hype then there is hope and then there is reality. Both Tesla and PLL obviously have inherent fundamental value but for me current SP far exceeds fundamentals.

Call me old fashioned or even out of touch with current happenings but a stock that has positive earnings now and perhaps rewards holders with dividends and having some further positive earnings visibility and growth path is in my view better value then some futuristic plan of possibly making money.

Sayona whilst falling in the futuristic possible money making scenario, is on the other hand undervalued by comparison. Anyone saying that they've had a massive run of 500% in recent days is only partly correct - it only accounts for holders who purchased at the low levels. For those who bought in at 10-12c a few years back without attempting to average down are still 70% or more down on their investment. Anyone disagreeing should look at the bigger picture not just the last month or so. Of course, if one loaded up at the lowest of low levels they are smiling - not so others who rode down from the days of dizzy heights - at least not yet.

Sayona with all it's tenements and potential future earnings capability is in my view undervalued at current levels - and particularly so with comparison to it's peers - some of whom are at even lesser stages of development. Having held the stock for some time and having purchased some on the way down from 10c - perhaps catching a so called falling knife - whilst I'm not happy with the delays, I am confident that in the near future with more positive company developments Sayona will get the much anticipated rerate is deserves - PLL may pull back and may even do so substantially given its quick ascension - but since Sayona is still hardly on the map in the lithium space I hardly think a 'major' is on the way - actually more like a 'major' upward correction. Not forgetting that Sayona is not just about lithium but possibly gold as well. Just my view and opinion.

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I had a look, if you bought in 2007, the price was at ....$1.40 !!!

SYA Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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Last 3.1¢		Change -0.001(3.13%)		Mkt cap ! $324.2M

Open	High	Low	Value	Volume
3.2¢	3.3¢	3.0¢	$1.491M	48.29M

Buyers (Bids)

No.	Vol.	Price($)
51	9191183	3.0¢

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Price($)	Vol.	No.
3.1¢	1202553	15

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No.	Vol.	Price($)
48	8179240	0.030
52	12709322	0.029
41	8730398	0.028
23	4842178	0.027
24	6198973	0.026

Price($)	Vol.	No.
0.031	1103808	11
0.032	4321378	11
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General Discussion Topics, page-3109

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General Discussion Topics, page-3109

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