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3.5¢ sayona mining limited

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Breakoutthecash

1,953 Posts.

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11/05/22

12:26

Post #: 61339809
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Originally posted by Silent-Bubbles: ↑

.....And no investor likes an ' extended ' 8 day requested suspension. These requests then to grow arms and legs and never end well I' afraid. Theoretically speaking , their SP could be suspended until the hearing in France is concluded. Even if it isn't , it's going to have a very sharp correction next week when Investor jump over each other for the exit doors.

And we don't want something like this to happen with Sayona . However when the MD indicates an initial relatively short period for a DFS , and its turns out to be miles off , it does set us up for a similar sharp reaction based around disappointment in relation to over expected results.

And Lynch would certainly know this inherent feature of the Markets. So are we being set up here ? I don't think many would disagree that it would have been far better to have updated the Market for the lateness accordingly . Even if you had got it initially wrong for some reason.

So I reckon he or Quebec , Hatch or even BBA has grossly miscalculated how the Markets will rate them next given the changed circumstances we now find ourselves in.

So even in this situation , I would argue that if the FS or DFS was favorable or even extremely favorable , that now would be indeed the time to release it , and because of the mere fact that it would give the Investing community and the Market the opportunity to put a valuation floor under the SP instead of the pure speculation which is taking place now.

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SYA Price at posting: 25.5¢ Sentiment: None Disclosure: Held
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