Australian (ASX) Stock Market Forum

SYA - Sayona Mining

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HelloU said:
spp at $0.086 (no instos or sophs) to pay for airline tickets and other similar necessities
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Indeed:rolleyes: …… Been out of this one for a few months ….. another failure but then again anything Lithium related has been struggling.

I wonder how much they will be able to raise …… always tough chasing money at the lows.
 
4 large coffees thanks ........... ooops, better make them smalls, on second thoughts, one small coffee and four straws thanks ....... hmmm, how much for just the empty cup?

this was my sl1 (in multiple small hits though) ....or was gascoyne my sl1? (again, multiple small hits) ....living proof that you can kill someone if u hit them enough times with a feather.

just awaiting the pump for a trade .......
 
HelloU said:
....... hmmm, how much for just the empty cup? … this was my sl1 (in multiple small hits though) ....or was gascoyne my sl1? (again, multiple small hits) ….living proof that you can kill someone if u hit them enough times with a feather. just awaiting the pump for a trade .......
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LOL ……. Yeah, duds and Specs …… Familiar marriageo_O Hope you get that bounce "H":)
 
HelloU said:
4 large coffees thanks ........... ooops, better make them smalls, on second thoughts, one small coffee and four straws thanks ....... hmmm, how much for just the empty cup?

this was my sl1 (in multiple small hits though) ....or was gascoyne my sl1? (again, multiple small hits) ....living proof that you can kill someone if u hit them enough times with a feather.

just awaiting the pump for a trade .......
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and there it is ...... had to wait through through 2 extensions to the SPP though. Who would have thought that an ann that basically gave away 51% of all your aussie assets for the the grand sum of $0 would raise the SP by 20%.
I seriously gotta get a hobby I understand.
 
HelloU said:
. Who would have thought that an ann that basically gave away 51% of all your aussie assets for the the grand sum of $0 would raise the SP by 20%.
I seriously gotta get a hobby I understand.
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Lol …. Not quite zero though "H" AJM have to spend $1.5 million over 3 years to get the 51%

Its basically an admission SYA don't have the finances to develop the ground, so at least there will be some scratching around in the dirt.

If AJM happen to find something, it will be years earlier than Sayona would have been able to, so their 51% share buys them time and a drilling programme worth $1.5M ….. better than nothing I guess.

Chart is still not happy but neither is the Lithium price. There will be a time when accumulating L Stocks at their lows will make punters a small fortune … I've already mistimed that twice so its still popcorn time for me:bookworm:
 
barney said:
Lol …. Not quite zero though "H" AJM have to spend $1.5 million over 3 years to get the 51%

Its basically an admission SYA don't have the finances to develop the ground, so at least there will be some scratching around in the dirt.

If AJM happen to find something, it will be years earlier than Sayona would have been able to, so their 51% share buys them time and a drilling programme worth $1.5M ….. better than nothing I guess.

Chart is still not happy but neither is the Lithium price. There will be a time when accumulating L Stocks at their lows will make punters a small fortune … I've already mistimed that twice so its still popcorn time for me:bookworm:
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hey, not great boating weather
more cautious here ...clarification: nothing into the bank of a coy that has already had asx ask going concern questions is what I meant.
there was no urgency to do anything in wa. So no money had to be spent there. But same heads (different hats) may have had niggling concerns about the land around their existing mine going to someone else .... and taking away future expansion opportunities from them.
the drill money .... for just a little bit cash (way less than 1.5, realistically less than 0.5) they can see if anything has value. If not ....walk away? If good, spend up and get.
on that (being only privy to the anns not the legal arrangements) it says that every $ spent on anything over the initial 1.5 then sya cannot say no to the spend happening, but must cough up half ....or lose ownership%...... i read a lot into all that. But what would i know .....
 
HelloU said:
hey, not great boating weather
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Perfect where I am:cool:
cat in a boat.gif


HelloU said:
the drill money .... for just a little bit cash (way less than 1.5, realistically less than 0.5) they can see if anything has value. If not ....walk away?
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True … but if they do that, its no loss to SYA

HelloU said:
it says that every $ spent on anything over the initial 1.5 then sya cannot say no to the spend happening, but must cough up half ....or lose ownership%
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Yeah but it would still have to be an agreed arrangement so they can't just spend more and take it from SYA. On the flip side if AJM spend one and a half mil and think its worth pursuing, I'm sure SYA would be of similar view given the duplication of Board members on both Companies. If they didn't agree, it means they would be arguing with themselves:wacky:
 
"Yeah but it would still have to be an agreed arrangement so they can't just spend more and take it from SYA. On the flip side if AJM spend one and a half mil and think its worth pursuing, I'm sure SYA would be of similar view given the duplication of Board members on both Companies. If they didn't agree, it means they would be arguing with themselves:wacky:"

again, I note that the public do not get to look at the legals ..... but the ann stated that spend above 1.5 is shared or dilution occurs ......... the whole point of being 51% is you do not have to seek permission (even from yourself - which is another sore point for me) ...... and my point being if there was no longer a mirror involved in having that discussion then it is just a matter of emailing the bill to whoever, and if the money did not arrive then bing, bang, bong ....... for ajm, it took a lot of risk out of sya being a shell that was exposed in the jungle (but still the owner of some pilbara tenements).

I just think about if I was a director of SYA, and had no affiliation with AJM, would that be the deal I would do right now?

I wonder what wodgina or pilgangoora offered? :speechless:
see ya barney
 
lol,
tap, tap
hey frenchi do u want any pay in 2020
that would be nice, yes
well, here are the bank details for you to contribute to that process ......

SPP has another extension (2nd extension - so 3rd SPP period) and ann'd that the brand new bloke in charge, as well as 2 canadian blokes on the payroll, were putting in some money into a previously undiscussed CR (same terms as SPP but separate).
 
frugal.rock said:
Might be worth a look or revisit. Dunno.
Just a chart of some interest. Cheers.
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Agree Froogs!

That additional Volume after an extended low should NOT be taken with a grain of salt.

I used to own SYA .... Still on the watch list and looking to buy at 0.009 (The queue is long unfortunately)
 
The announcement on the canadian bid for the closed down CATL owned mine is maybe this week? (or next month? - it keeps getting delayed and I cannot keep up).
The original Authier "permission to mine" (BAPE) is yet to come (it was the original rejection of BAPE that really burnt this company - due to some disallowed numbers in the application, so it got rejected, and then the whole thing got complicated)
About a bazillion SOI so something has to give there one day.
 
oh, and a whisper of gold in them thar hills in aussie (from Noosa conference?? maybe not), but be aware they have done an earn-in agreement with Altura (AJM) whereby AJM spend $2M? over 2? years and own 51% of the aussie land (or most of the aussie land anyway). They have something near DEG from memory. If AJM spend more than that and SYA cannot start "spending with them" then AJM get more than 51%. AJM not overly flush with cash tho at the moment, and SYA is not really either.
Li still fragile all over imo. Certainly fragile for any profits (ever?)

Specs eh Barney o_O
DNH
 
Sayona has been popping up in my radar recently, have ignored it apart from looking at the chart.
Have taken a half position on today's move.
I had better have a look at the FA now...

Screenshot_20210105-133506.png
 
frugal.rock said:
Sayona has been popping up in my radar recently, have ignored it apart from looking at the chart.
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After LPD went a bit mad I looked at SYA this morning. Had to go to do some real work and thought ... Nah that 20 million queue at 012 will take a while to get through so I'll check it later.

Just home to see your post Rock .... Damn, another one missed. My "real" job is costing me money, lol :rage:
 
barney said:
Just home to see your post Rock .... Damn, another one missed. My "real" job is costing me money, lol
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Trading / investing is now my "real" job.... I want to mow the front lawn, but don't feel I should skive off ! lol
;)

After 4:15pm I'm available... will probably be raining again then, grrr.
 
Request for Trading Halt

Sayona Mining Limited (SYA) requests an immediate trading halt on its securities pursuant to
ASX Listing Rule 17.1. For the purposes of Listing Rule 17.1 and in support of the request, the Company:
1. advises that the trading halt is requested pending the release of an announcement regarding funding and support for the proposed NAL bid, the development of the Company’s Authier and Tansim projects and to respond to an ASX price query, received 5 January 2021;
2. requests that the trading halt remain in place until such time as it makes an announcement
to the market regarding the transaction and responds to the ASX price query, or the start
of normal trading on Friday, 8 January 2021;

Speeding ticket responded to.
 
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