General Discussion Topics, page-56105

The thing is here ......and in my opinion only - You CAN'T really have Fibonacci ratios come into play at all unless you have the previous volumes at obviously a PREVIOUS price. Because the supporting Mathematics just doesn't fit the theorems.

And that is why I like those 10 day averages ' PRE ' cap raise where the SP was definitely held up and oscillated around this pricing even before the 10 days when it rallied to 29 - 30 and then fell back. This reinforces this price point even more in my opinion.

So in this instance the Fibonacci retraces and reversals are definitely more obvious around the known volumes .....and around Paul Crawford's selected price point on his acquisition as well as the 15.0 cent Director's unlisted options potentially raising a significant $6 million in further funding down the track.

So that's why I had my downside risk put in at 15.0 support rather than the reasons I gave for not matching out at the 14.75 TERP pricing of the previous raise for the Moblan acquisition.

So in theory if it goes 14.5 as has been suggested , it has an equal chance of it going 14.0 as it does ' intrad day ' at 14.75 ... and which if it goes 14.75 at anytime and in any sort of volume during the day in which it gets there ......it more than likely finishes at 15.0 . And that is another reason why 15.0 is STRONGER price support and resistance than 14.5

And just look at the previous volumes around these alternative downside prices and you'll definitely find that there were ample reasons to select 15.0 and above the Moblan TERP as the Director's options conversion.

Plus you have to remember , and as already pointed out . Should we get down to 14.5 cents ....or even 14.75 or 15.0 cents , we're effectively only valued at $80 million more than the approximate $125 million paid for Moblan when our peer with a very similar project size and quality in Frontier is still worth at current prices the equivalent to $500 - $600 million more than it was at the same time Sayona acquired Moblan.

And I had been arguing this point all along that the Market is not likely to ascribe this sort of project value difference to Moblan now that it has finally realized it.

And that's why I stated that any toughing of the pricing at this level should it get there would then ' Snap Back ' quite quickly from there. If you're lucky enough to get some at this level then certainly that it was I will be doing as I've already stated.