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2.6¢ sayona mining limited

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1,103 Posts.

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21/02/23

11:24

Post #: 66367809
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Originally posted by jbdave: ↑

@Batman08
"Unfairness" ? It was a commercial decision. The deal didn't need to be signed. Both parties thought it was fair enough to sign. If spod price was currently at $400, would you then be calling for a change in deal to be fairer to PLL ? My guess your comment would be something along the lines of "they took a risk and it didn't pay off..."

Let's say you sold a house for 500k. Maybe because you had to, maybe because you wanted to. Doesn't matter.
Then let's say property prices went up 50% in 6 months. Would you go knock on the new owners door in an attempt to re-negotiate the contract ? No. because it would be silly, and legally you couldn't do it anyway.

That ceiling price of $900 stays unless PLL can get a better financial result out of a new deal. And at the moment, they can't, so nothing will happen (remember they have their shareholders and projects to look after also).

Ps: I hold a lot of my portfolio in SYA. I hold a pittance of PLL. It makes no difference though as I am only commenting on the deal without bias.

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Great analogy jd but PLL went back and knoked on Tesla's door and managed to get more for their house they sold 18 months ago, was that silly??

SYA Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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Last 2.6¢		Change 0.002(8.33%)		Mkt cap ! $267.6M

Open	High	Low	Value	Volume
2.4¢	2.6¢	2.4¢	$200.7K	8.029M

Buyers (Bids)

No.	Vol.	Price($)
27	9666492	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	10497931	48

View Market Depth

No.	Vol.	Price($)
27	9666492	0.025
49	8042245	0.024
52	15243146	0.023
60	11592086	0.022
37	8242810	0.021

Price($)	Vol.	No.
0.026	10315341	47
0.027	37799697	25
0.028	5749425	31
0.029	6523031	18
0.030	16537138	32

Last trade - 13.53pm 18/09/2024 (20 minute delay)

SYA (ASX) Chart