SYA 0.00% 3.2¢ sayona mining limited

Great to see some good momentum building in the stock. I though...

  1. 498 Posts.
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    Great to see some good momentum building in the stock. I though that once we rolled into 2023 the broader market (the bigs) would start to take notice of how near term the SYA proposition actually is.

    IMO the combination of near term production but also just as important, the what I see as the controlled unravelling of shorts has helped send us from the high teens to high 20’s.


    My analysis tells me that our recent late December low of 17c lines up nicely with ‘peak short’ of 10.56% (or ~917M shares). Fast forward to the 18 January 2023, shorts have dropped to 9.64% (about 9%, or 837M shares) and the share price has risen to 24.5c, a material ~30% increase.

    With so many shares left to cover (and i appreciate that not all need to be covered) I feel that just purely on what is left to cover, our SP will continue the momentum until at least the production start date.


    https://hotcopper.com.au/data/attachments/4996/4996210-b7d789e8c5390bbc9c6ad510f3068dde.jpg

    https://hotcopper.com.au/data/attachments/4996/4996212-edbedba0701df0db1433be848d399ebb.jpg
 
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Last
3.2¢
Change
0.000(0.00%)
Mkt cap ! $329.3M
Open High Low Value Volume
3.2¢ 3.3¢ 3.2¢ $719.9K 22.22M

Buyers (Bids)

No. Vol. Price($)
184 27583799 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 2101915 12
View Market Depth
Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
Last
3.3¢
  Change
0.000 ( 1.22 %)
Open High Low Volume
3.3¢ 3.3¢ 3.2¢ 10754171
Last updated 15.59pm 02/05/2024 ?
SYA (ASX) Chart
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