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2.9¢ sayona mining limited

what date are the converted shares issued? 28 April?if the...

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Moweth

515 Posts.

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16/04/21

21:37

Post #: 52530639
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Originally posted by Sweetsound: ↑

SP went up not because of NAL bid - the NAL bid has been tabled for ages - the SP went up because of PLL's association and buy in plus the offtake agreement - even without NAL win, the association won't disappear (and nor will the resource) as it is not dependent on NAL bid win.

SP also went up since the lithium sector is hotting up again with commodity price increases and since SYA is one of the few with such a low market cap and has some way to go to catch up.

SYA has grown it's tenements, drilling is on the way in the Pilbara and will have cash in hand after the rights issue - SP drop maybe, maybe not.

We've yet to see how the SP will be once the rights are converted and become part of the 'common' pool - however, depending on news flow in the interim, one hopes that trading prices will at least stay around current levels and not drop back to it's issue price - no reason why it should with cash in hand - but as usual, there will be profit takers in days following the converted shares being in market.

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what date are the converted shares issued? 28 April?

if the timing coincides with the a NAL bid win, we might not see any profit takers with the converted shares

SYA Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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Last 2.9¢		Change 0.002(5.56%)		Mkt cap ! $298.5M

Open	High	Low	Value	Volume
2.8¢	2.9¢	2.7¢	$312.0K	11.05M

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No.	Vol.	Price($)
23	2252532	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	5527375	27

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No.	Vol.	Price($)
26	4045212	0.028
48	7938999	0.027
41	7427021	0.026
52	6198909	0.025
22	5359060	0.024

Price($)	Vol.	No.
0.029	7309890	45
0.030	8231577	35
0.031	5987474	20
0.032	6147671	32
0.033	4206548	21

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