Australia's largest stock trading and investment forum Australia's #1 stock forum

SYA

Click for more information

3.70%

2.8¢ sayona mining limited

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

First 16 Last

Share
Profile

Follow
Moweth

515 Posts.

151

16/04/21

21:37

Post #: 52530639
Share

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.

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

Revolutionary inverter technology leads the clean energy charge

From the Floor with Kim Beazley at Diggers and Dealers 2024

Largest drill campaign to begin: Saturn Metals at Diggers & Dealers

Astute sniffs 1,260 ppm lithium and thick mineralisation in Nevada

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

There are more pages in this discussion • 56 more messages in this thread...

First 16 Last

Add SYA (ASX) to my watchlist

(20min delay)
Last 2.8¢		Change 0.001(3.70%)		Mkt cap ! $288.2M

Open	High	Low	Value	Volume
2.8¢	2.9¢	2.7¢	$418.0K	14.83M

Buyers (Bids)

No.	Vol.	Price($)
7	1358885	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	4538399	12

View Market Depth

No.	Vol.	Price($)
7	1358885	0.028
38	5967407	0.027
42	6726597	0.026
51	6078909	0.025
17	5061101	0.024

Price($)	Vol.	No.
0.029	4238399	11
0.030	6492477	32
0.031	5987474	20
0.032	5560876	28
0.033	4206548	21

Last trade - 16.10pm 07/08/2024 (20 minute delay)

SYA (ASX) Chart