I'm with you on this . I bought in awhile ago hoping to see some potential in its Lithium mining and with the future demand in lithium i'm hoping to see some positive returns in the next few years.
SYA - Sayona Mining
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I'm with you on this . I bought in awhile ago hoping to see some potential in its Lithium mining and with the future demand in lithium i'm hoping to see some positive returns in the next few years.
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Yeah … todays price action was a bit negative but looking at a few days in the life of a potential Spec play is often hard to pick ……. The Company's future looks reasonable at worst so today's price action should be treated as traders doing their thing for the short term …… In saying that, I would have preferred more buying interest today , but if some buyers come in over the next week or so, all is well!
i sorta reckon that the environmental thing (BAPE) is the dangling sword here ...... until that is cleared up the timelines are perhaps too unclear for many to throw money at it .... i mean it could add up to 18 months to the rock kicking process. And even with some possible big finds at mallina it is quite possibly all never never stuff if looking towards a producer (as opposed to a spec momentum trade with drilling in aus soon)
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I confess I hadn't done enough research on that ….. Keeping the daily dig to less than 2000 tonnes per day theoretically keeps them away from some of the regulatory controls …. but in reality that could be a red flag to the local residents I guess.
The Company states that the "waste" water from the project will be directed in the opposite direction to the Esker ……. If true and provable that would certainly be a plus.
Todays announcement of the appointment of Alexis Segal who is a "professional communicator" appears to have been taken negatively by the market …. still early days and still a punt …. A lot of upside if Alexis can get the job done though.
The Company states that the "waste" water from the project will be directed in the opposite direction to the Esker ……. If true and provable that would certainly be a plus.
Todays announcement of the appointment of Alexis Segal who is a "professional communicator" appears to have been taken negatively by the market …. still early days and still a punt …. A lot of upside if Alexis can get the job done though.
have not read that appointment (having issues with reading) but would think some punters were thinking that dfs would be followed by 'no bape' ann and so when that has not happened the dts jumped off again perhaps. groin test says yeah but cognisant of delays here. pilbara drill results may provide an opportunity to exit if fidgety.
last wednesday was the last day for referral to the govt dept (that may result in the extended process) and there has been no word on what happened with that. can only assume sya did not self nominate for the extended process, so they too are waiting to hear.
last wednesday was the last day for referral to the govt dept (that may result in the extended process) and there has been no word on what happened with that. can only assume sya did not self nominate for the extended process, so they too are waiting to hear.
*announcement
my diary says last week as latest for any 'external reports' to go to Dept of Energy. Have I got that wrong? (or maybe that had nothing to do with SYA putting in their own applications - whenever they liked?). Anybody have a date (real or made up) to aim for here?
my diary says last week as latest for any 'external reports' to go to Dept of Energy. Have I got that wrong? (or maybe that had nothing to do with SYA putting in their own applications - whenever they liked?). Anybody have a date (real or made up) to aim for here?
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A bit of good news would certainly help proceedings!
A small jump today but the Volume is too low to take any positives from it.
A lot of potential with this one IF they can get everyone onside … waiting game.
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SYA still struggling to get any serious traction around the current higher lows.
Annual Report out today paints a good picture if they can get across the next couple of permitting hurdles unscathed. Lots of potential, but a bit of water to flow under the bridge yet ….. I still hold.
Annual Report out today paints a good picture if they can get across the next couple of permitting hurdles unscathed. Lots of potential, but a bit of water to flow under the bridge yet ….. I still hold.
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Yeah they do have a lot of shares on issue Trav ..... A share consolidation sometime in the future is likely.
I'm more interested in their actual Market Cap however ..... MC is still only around $45 million and they have about $10 million in cash etc, so the ratio is pretty good for a Spec.
It all hinges on getting the final permitting/approvals etc, but a lot of potential upside if the ducks align
....
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No problem mate. I was just thinking about the volume required to get some traction in the SP.
Good luck!
Good luck!
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Healthy little bump up today above short term resistance on increasing Volume …. still too early to get excited about, but positive.
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I'm prepared to call the medium term Low on this one … its been a slow old road down the hill but current trading has a bit of "accumulation" feel to it …. Good Lithium Stocks will have their day in the sun again, and these guys have a couple of new strings to their bow ….. I have a 12 month time frame outlook on it so will continue to hold assuming no major problems.
… its been a slow old road down the hill but current trading has a bit of "accumulation" feel to it …. Good Lithium Stocks will have their day in the sun again, and these guys have a couple of new strings to their bow ….. I have a 12 month time frame outlook on it so will continue to hold assuming no major problems.D-Day rescheduled to 06Mar and the news is not good - Canada said the paperwork was rubbish and u r to go to the naughty corner for up to 2 years.
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i spent a lot of time and effort to churn this - to recoup earlier losses for my own pride - which i had done up until ...... and now another 11% tax loss to claw back somewhere .......... actually a little surprised both here and OTC did not fall more on such large volumes (but i looked at the parcels and an awful lot of round numbers of maybe knife catching buyers for a quick bounce) .....anyway, busy at sol with a finger poised over sell tryin to understand what is going on there and why it is going against the laws of nature and toot tooting..... see yaYep
spp at $0.086 (no instos or sophs) to pay for airline tickets and other similar necessities (surely not to pay for stuff like DFS and environment studies and mining permits - cos pretty sure the last 3 CR's paid for all them - Ohhhh, hang on, all that previous spend got rejected by the Canadian Government because it was basically millions of dollars worth of stuff that was rubbish for the application made cos they filled in the wrong application forms for the mine).
with sp at 8c will there may have to be a ........... (thesaurus says inflate, drive, force, pump, inject, push) here for any spp interest to happen, so trade the trade.
(i cannot help but feel they did not want to burn any bridges in this CR cos just maybe big brother might need to tap the good money in the next 12 months?)