SYA - Sayona Mining
- Thread starter Sodapop
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So_Cynical
The Contrarian Averager
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I met a guy at work in 2019 who was crazy keen on SYA, he knew all about the company and had been convinced by a youtuber/influencer to put all his spare money in and he did @ just under 4c, was like 35K or so as he was just a working dude, time passed and the SP started running up and i was jealous cos he was right and sitting on about 80K when he left for a new job.
My parting advise was to set a sell target or at least a profit target, sell half, something because i worried as he was determined to see it thru and never sell until it was a million and he was set for life. He was more of a punter than a proper investor, I dont know what happened but looking at the chart he would of been sitting on about 350K at the top.
Be a hell of a thing to give that all back with the stock now back under 4c cents.
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My parting advise was to set a sell target or at least a profit target, sell half, something because i worried as he was determined to see it thru and never sell until it was a million and he was set for life. He was more of a punter than a proper investor, I dont know what happened but looking at the chart he would of been sitting on about 350K at the top.
Be a hell of a thing to give that all back with the stock now back under 4c cents.
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Just looking at your monthly comp selection @thmpl, looks like it could be setting up for an interesting second half of the month for you. Good luck.
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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Sayona Mining, capitalised at $391 million on the ASX, has agreed terms to merge with the $349 million Piedmont Lithium. The deal will create an $850 million lithium player and consolidate the ownership of the North American Lithium (NAL) project in Quebec.
Fund managers said the combined entity is seeking to raise about $150 million, with Resources Capital Funds understood to have taken up half of the deal. Canaccord Genuity advised both camps and is the sole lead manager on the accompanying raise.
Under the terms of the Transaction, existing holders of Piedmont Lithium shares of common stock will receive Sayona ADSs corresponding to 527 Sayona ordinary shares for each Piedmont share of common stock held and existing holders of Piedmont Lithium CHESS Depository Interests will receive 5.27 Sayona Mining Limited ASX listed ordinary shares (instead of an ADS) for each Piedmont Lithium CDI held. The Transaction will result in an approximate 50% / 50% equity holding of shareholders of Sayona and Piedmont in MergeCo (on a fully diluted basis), prior to the Conditional Placement.
Fund managers said the combined entity is seeking to raise about $150 million, with Resources Capital Funds understood to have taken up half of the deal. Canaccord Genuity advised both camps and is the sole lead manager on the accompanying raise.
Under the terms of the Transaction, existing holders of Piedmont Lithium shares of common stock will receive Sayona ADSs corresponding to 527 Sayona ordinary shares for each Piedmont share of common stock held and existing holders of Piedmont Lithium CHESS Depository Interests will receive 5.27 Sayona Mining Limited ASX listed ordinary shares (instead of an ADS) for each Piedmont Lithium CDI held. The Transaction will result in an approximate 50% / 50% equity holding of shareholders of Sayona and Piedmont in MergeCo (on a fully diluted basis), prior to the Conditional Placement.