SYA 0.00% 2.8¢ sayona mining limited

SYAONA REN RIGHTS ISSUE CODE SYARD, page-91

  1. 12,830 Posts.
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    What's not to get. They're .not going to be bid up on the last day of trading.

    Because ....those peoples as has been said , or Investors are going to be more reserved in the obvious fact of NOT knowing what ' peoples ' will do with them one they resume trading.

    So as a result , the market is not prepared to pay up for this risk of them being dumped for a quick profit when the new shares commence trading on the 28th April .

    If anything , I will expect the BIG pump to come tomorrow or the day after on equally BIG volumes being traded in the heads , and ahead of those new shares coming on line.

    Of course if there were to be an extension of the offer at the ' Discretion ' of the broker , the trading and bidding up might be a whole different story. However , I'm not sure that will happen now at this late stage in the prospectus timetable.

    Again though , I would refer you all to the last similar rights issue back in late 2017 when the SP behaved much in the same manner , and it wasn't until 1 week after in early Nov 2017, and then 5 weeks after at the end of Nov when the SP really started to stack on momentum in the 100's of percentage point gains. Gonna have to wait unfortunately.

 
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Last
2.8¢
Change
0.000(0.00%)
Mkt cap ! $288.2M
Open High Low Value Volume
2.8¢ 2.9¢ 2.7¢ $287.5K 10.35M

Buyers (Bids)

No. Vol. Price($)
52 6973665 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 4004549 10
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Last trade - 16.10pm 08/08/2024 (20 minute delay) ?
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