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4.0¢ sayona mining limited

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bruham

5,291 Posts.

794

10/04/22

13:06

Post #: 60766492
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Originally posted by DMen: ↑

I doubt very much Elon will intentionally want to keep Lithium prices high - it just doesn't make economic sense for Tesla and its shareholders. The theory of Tesla being able to throw money around willy nilly is void. You don't become a company of Tesla's size by paying a premium for everything.

Think of it this way. Let's say you want to buy a house and seller has 600k on it. You've done your calculations and you think the house is actually worth 800k and will likely rise to 1.2 million in the coming years. You don't go back to the seller and say "I think you're house is undervalued. I'll offer you 750k to blow other buyers out of the water". Nauturally, you'll want to buy that house for as cheap as possible knowing the returns to be had. So don't think Tesla is a knight in shining armour, they are a business and will want things as cheaply as possible including your SYA shares if that was on their radar

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Elon has made it known, that he is hard at work trying to find
a substitute for lithium.
He claims lithium is too expensive and says there are better options out there.
Just needs to find it.

Who knows, not me.

SYA Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.0¢		Change -0.001(2.44%)		Mkt cap ! $411.7M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.0¢	$1.583M	38.99M

Buyers (Bids)

No.	Vol.	Price($)
2	17915	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	2966216	14

View Market Depth

No.	Vol.	Price($)
2	17915	0.040
55	11903172	0.039
48	11798067	0.038
30	4922360	0.037
24	3717755	0.036

Price($)	Vol.	No.
0.041	2966216	14
0.042	3976691	22
0.043	4123967	15
0.044	3234144	17
0.045	8098326	45

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last 4.0¢			Change -0.001 ( 2.91 %)
Open	High		Low	Volume
4.2¢	4.2¢		4.0¢	24958776
Last updated 15.59pm 06/06/2024 ?

SYA (ASX) Chart