Thanks. But no guarantees it's going to be today mate. still struggling to use the tech and computers in the ways I would normally. So I will always research , but not necessarily type ' posts '.Interesting the comments regarding share register composition - ie retail v into's etc....And we've talked about this before with respect to early comparison's of constructs to FMG , BHP , and RIO. And so YES Sayona is developing a significant ' Retail' holder's ' Spine ' if you like its register. And yes , given where they ( Sayona ) have come from in the better part of 12 - 18 months , it would be normal to expect a certain level of ' uneducatedness ' from the new holders. And not only just because a good amount of them would be ' Punters ' and Day Traders who have monopolised the trading in Sayona Mining ever since back and before the 2016 -2017 FIRST lithium boom re-rate.But the thing about all that is that the BOD and Management would be well aware of this trading volatility characteristic. But I guess the question then becomes ....if they are aware of it .......what are they doing to improve this unnecessary and sometimes violent volatility.I remember a couple of years back , I had a conversation with a Couple of BOD members of an ASX listed Company at a ' Public ' event and got to discuss a couple of comparison plays in the then market for theirs and others chosen mineral commodities.It was a Mining Company to which I now hold , and its shares at the time were around 20 cents and are now well over $1.I remember distinctly the boisterousness of the conversation and the laughter when they ( these 2 Gentlemen ) mentioned they were fully aware of the ' Type ' of shareholders they had and to which caused their own shares to oscillate around violently at these similar pricing levels of the ' Twenties ' .But it has since changed for them now that their Share Price and register has grown into a more ' sophisticated ' bunch of broader investors. And I don't necessarily believe it will take a consolidation to achieve this.
I feel this same effect will occur with Sayona over time as well. However , and while we wait for this to all develop and unfold , the Management can obviously do their part in acting more professionally by responding to market concerns with more timely updates and accurate previously stated timelines.And if any company should know this better that the next , you'd think it would be Sayona after having significant BOD representation from the lost AJM as well as picking up the pieces from what was part of the failed and collapsing lithium Industry in Canada.So I guess instead of sitting around and perhaps laughing about how their shareholders tend to respond and jump at shadows .....perhaps they could simply get on with the job of holding their end up by NOT making as many financial reporting mistakes and just improving the very basic but currently poor Public Relations / Investor Relations communications.I mean look how CRR has been handling it's decisions to go ' Back to Back to Back ' on its ASX announcement releases on its myriad of mining projects BOTH here in Australia and Ontario Canada. I mean we ALL knew that their historical results were generally impressive , but they still manage to release the ' visuals ' and core observation no matter how indiscriminate they are on their Mavis Lake project. And to be honest , their widths and thicknesses are not massively or convincingly stellar by any stretch .....but they still see the importance in updating.They even went to the extent to advise the Market that their MD was temporarily relocating to Canada for what really only represented a couple of months or so. An announcement which they really didn't need to do .....but which they did because they saw ' mileage ' in keeping the broader Market ' astute ' and up to date with matters.So where is our ' Back to Back to Back ' updates on visual inspections etcc. of our Moblan drill campaign which is at least DOUBLE the size of theirs , and which already has a JORC equivalent resource to that of Frontier Lithium in Ontario.I mean it just seems to come down to Management styles with some being good , some being better than others , and some just being plain BAD.That's it for me today I reckon. All the best to you all. Have to get up and walk around a bit now. Get the circulation flowing.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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3.4¢ | 2185907 | 13 |
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189 | 45743490 | 0.032 |
61 | 11743210 | 0.031 |
105 | 16172427 | 0.030 |
27 | 5292394 | 0.029 |
Price($) | Vol. | No. |
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0.034 | 2185907 | 13 |
0.035 | 3958066 | 13 |
0.036 | 6811520 | 29 |
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