SYA 4.17% 5.0¢ sayona mining limited

General Discussion Topics, page-136298

  1. 1,497 Posts.
    lightbulb Created with Sketch. 162
    I think the market is becoming aware that SYA may not exactly be the stinker that they all thought it was, perhaps many thought we should have gone into C&M a while ago, however with new info released there is a possibility that it could pay off. For the short term I dont see too many signals apart from a break of resistance today, however this has been broken a few times, however our last dip to 3.7c saw us dip below a long term resistance, this could have been a test to see if we fall lower than 3.7c on panic sells, however im inclined to see it as a spring rather than a bearish indicator. Im not going to make any massive calls at this stage its too early still floating around that 4c area for now, if we can push over 5.2c there may be some hope for a decent run north. For now id say hold, accumulate at low 4s as it could go sideways for a while before heading north closer to June where our earnings should be released which should include pricing for lithium above $1000, if our costs have decreased then this should indicate a break even or perhaps a profit depending on what we get from the offtakes aswell. However I think longer term 7c is easily achievable again, even if we dilute a little to fund Moblan.
 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
5.0¢
Change
0.002(4.17%)
Mkt cap ! $504.3M
Open High Low Value Volume
4.9¢ 5.1¢ 4.8¢ $2.123M 42.94M

Buyers (Bids)

No. Vol. Price($)
23 2786975 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.1¢ 7114581 36
View Market Depth
Last trade - 11.03am 17/05/2024 (20 minute delay) ?
Last
5.0¢
  Change
0.002 ( 3.31 %)
Open High Low Volume
4.9¢ 5.1¢ 4.8¢ 14386078
Last updated 11.24am 17/05/2024 ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.