Australian (ASX) Stock Market Forum

SYA - Sayona Mining

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Nice gap up today for SYA. The Superior Court of Québec has approved Sayona Québec's acquisition of North American Lithium (NAL) sending the share price heading north.

Not sure how SYA are going to fund this acquisition, but we'll find out soon.

The market certainly liked the announcement. 10c isn't far away now.

big.chart-SYA.gif
 
greggles said:
The market certainly liked the announcement. 10c isn't far away now.
Click to expand...

The higher it goes, the more depressed I become Greg ... lol .....:confused:

Good lesson in Spec trading actually.

If you research a Spec, and the numbers stack up, accumulate until the story becomes proven incorrect!

Wish I'd held of course, but my current medium/longer term plan is now VML, which has obviously been in a down turn lately,

But the story remains positive, so until the story becomes tainted with the truth, hold on ;)

Hope a few punters made some cash out of SYA as it was a tough road for a while before 2021 o_O
 
one of my system buy failed a couple of days ago, my backtest will beat me flat on that one
 
not much activity on the thread, there is a SPP offer at 7.5c, seems to be an ok risk but obviously it means money stuck there for a few weeks and at risk of crash ..Anyone else has some feeling about this capital raising?
 
It did perform in March and very well in the long term. If it does continue upward, it will become overpriced sooner or later, and then there will be the correction.
 
MLS: Metals Australia going gangbusters today too. Lots of fairly significant buyers all through today, very low buy in price
 
SYA still have some time before production starts. Recent drilling results confirm the company's strong position. Should see more positive results from drilling activity in Canada and Western Australia
 
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