SYA 0.00% 3.1¢ sayona mining limited

SYA's float: what will be done, and when?

  1. 4,674 Posts.
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    The float as you call it ..... is heading in one direction and one direction only and that is up.
    They are not done with you loyal holders as of yet
    How long to 10B would you say?
    Last edited by lithiumburn: 07/10/21
  2. 158 Posts.
    lightbulb Created with Sketch. 38
    The next few days are crucial to share price support levels. An announcement by SYA that demonstrates concrete interest in off take or similar end user commitments would put to bed any downwards pressure on the share price and support the uptake of the current rights issue. This would appease those shareholders having the weakest hands but with an imminent decision whether or not to take up the non renounceable rights offer. Having said this, I also believe that there are many institutional investors that would be standing by hoping to pick up any shortfall balance of the rights at the right price.
 
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