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DMNXF Gapping
Tweeted last night: Why the Sayona Mining (ASX:SYA) share price is rocketing 25%
Bernd Struben | March 18, 2021 1:13pm MotleyFool.au
https://www.fool.com.au/2021/03/18/why-the-sayona-mining-asxsya-share-price-is-rocketing-25/
Quote:
ASX lithium share Sayona Mining Ltd (ASX: SYA) is rocketing today after the company provided a project update. In early afternoon trade, the Sayona share price is surging 25% to 4 cents.
Let’s take a look at the company’s latest lithium prospect upgrades.
What did the company report?
The Sayona share price is soaring after the company reported the Canadian National Instrument (NI) 43-101 review had revealed “high exploration potential for lithium pegmatites” at its Tansim Lithium Project in Quebec.
Sayona said it will now engage in a CA$1.6 million (AU$1.7 million) exploration project, with 5,000 metres of drilling planned in phase 1. It plans to test for “new albite-spodumene pegmatites” and said the program will complement resource drilling at its Viau-Dallaire and Viau prospects in the year ahead.
Commenting on the results, Sayona managing director Brett Lynch said:
The confirmation of Tansim’s high exploration potential is extremely welcome following our recent expansion of the project. We look forward to progressing drilling at the Viau-Dallaire and Viau prospects to take them to the resource determination stage.
Lynch added that Tansim’s high growth potential will now see it play a larger role in Sayona’s 2021 plans:
We see Tansim becoming a key component of our vision for a world-scale lithium hub in the Abitibi region, uniquely located to service the North American lithium market.
Sayona Mining share price snapshot
The remarkable gains in the Syaona share price didn’t gain traction until 14 January this year after the company reported it had inked a deal with lithium miner Piedmont Lithium Ltd (ASX: PLL).
A series of other positive announcements, like news of its increased claims around Tansim announced on 11 March, have also seen Sayona shares head higher.
This has all added up to the Sayona share price rocketing by more than 290% in 2021. That compares to a gain of around 1% for the All Ordinaries Index (ASX: XAO).
'Why the Sayona Mining (ASX:SYA) share price is rocketing 25%' via @TheMotleyFoolAu https://t.co/2X8EgCUqZb $SYA $DMNXF #lithium #Quebec #EV #ESG #cleanenergy #ASX
— SayonaMining (@SayonaMining) March 18, 2021
Agree 100%. All I am saying is the PMPG needs the validation of this deal and it's off to the races.
Yes, it will be interesting how this goof by the transfer agent plays out. I know in my mind what should happen but I keep reminding myself that this is the OTC and rational assumptions don't seem to play out like we think they should. It's like the OTC protects the criminals from the innocent shareholders. There's nothing more I want to see than a squeeze on those who screwed us by selling shares that shouldn't have been sold, into the market. Unfortunately I am skeptical it will happen but my fingers are crossed.
ME93, yep. I would think we should be close to closing the Ennis-Flint deal. If not, that's a concern as what has popped up that this closing has been delayed? Remember, we are hiring them to manufacture and distribute our product. Do we need to move on to another manufacturer? Credibility is at stake here. They need to close this deal and soon.
We won't have any earnings/revenue in the first quarter as we have no business yet. Will be curious to see what the 10K shows regarding the reduction of more debt. Don't get me wrong, I am positive on the company but there is still much to prove.
Unfortunately, they haven't closed on anything yet so I can't condemn the current share price. I hate it but the company has to perform. Other than a couple of days in late December, the price has been stagnant at best. One PR announcing the closing of the SRT deal or a PR announcing a relevant new stream of income or revenue and we are off to the races. Even if they announce the closing of the VHMC and it's with the Arabian company, we should be rocking. Lotsa chances, let's just close one.
Hoping that PMPG closes the Ennis-Flint job soon. That will be as much a psychological victory as well as showing the investment world PMPG management can close the deal.
PMPG is sitting just below the 50DMA. That's the catalyst for driving new buyers here and moving away from this range forever lol. The Ennis-Flint closing will do just that. In fact, while I don't like to guess share prices, just that PR could move this to .30. All my opinion.
Do you all realize how big this could be? From the beginning of this deal I thought the company this is front sold to wanted to go public. They are into real estate and digital cryptos. I know no one is aware of this. I believe PMPG will take off once it’s known or made public the intention of the new company.
Do you all realize how big this could be? From the beginning of this deal I thought the company this is front sold to wanted to go public. They are into real estate and digital cryptos. I know no one is aware of this. I believe PMPG will take off once it’s known or made public the intention of the new company.
I would concur but we need to break .102. That will ring the bells and any news should send this flying. Just my opinion.
Took 5 million shares to raise a penny yesterday. Took 500K shares to drop a penny today. What a bunch of bozos the market makers are. geez.
If we can close above .102 we will have broken above the 50DMA.That should send out some signals.
That's what I have been thinking since this was announced. If PMPG does pull this off, this company will be worth a fortune in my opinion. The diversity that's involved here with Real Estate and Crypto-currency would be sensational. The fact they are in Dallas leads me to believe that there is more here than announced. I can't wait to hear more.
PAUL's dumping lol
Well we did not have any diluting market makers show up yesterday. That's the first time since I can remember. PAUL is currently on the ask in the same position he sat all day yesterday. Hopefully he plays like the other MM's today lol
Nice, I like that
Idiots selling here. I don't know how people make money out here.
Thanks Mike, I am absolutely excited about this deal or potential deal. I can't for the life of me understand why anyone would sell here. That part makes no sense to me. Is it just retail who have no clue or Market makers trying to create some fear. I just don't know.
In my opinion, the market has totally missed this. How big is crypto currency right now> Plus, look at the real estate. I am baffled people don't see this.
Why would the company give us useless shares? Look at the company we are getting shares in. If that's not a home run, what is?
no idea but that aren't giving us useless shares for nothing and in my opinion, this new company is amazing. If we get shares in this and it goes public, wtf.
I am laughing my ass off, the market has not grasped this yet. They need to file an 8K after the market closes lol
drugmanrx, this is huge in my opinion, wtf
This thing should be flying right now. People don't understand it lol
The stock doesn't know what to do lol
WOW, is this for real?
I think this could be really huge!
About RHIL: RHIL is an asset-based wealth management company that provides companies with credit facilities to complete real estate and technology projects since 2012.
How is this not a good thing? This is fantastic and I get the same amount of shares I own of PMPG at closing
That's a different company
PMPG news!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162471998
Basically, you get the same amount of shares you currently own PMPG in the new entity. While it doesn't trade yet, when it does bingo
Basically, I just got 4 million shares in a new entity. If the take this public, I'll do a back flip all the way the California lol
How can this not be a good thing? It looks like they are backing the real estate dealings in this. If you buy shares PMPG before the closing date, March 31st< you get the same amount of shares in the new entity. Again, how is this a bad deal. SOUNDSA LIKE A GREAT DEAL TO ME
I think this sounds really good. At present, based on my research, RHIL does not have a symbol or currently trades . Now if the plan is to take this public and trade and we have the same share structure, I am game as hell. Give us more information please.
Does VHMC trade? I have found nothing on the so far.
PRED is Pink Current
https://www.otcmarkets.com/market-activity/corporate-actions
Click on symbol changes and then tier changes
FERN on fire .0017 on big volume
sosjb, to much logic, this is the OTC, lol /jk
I have been watching NITE for two weeks. He either is shorting his ass off or we have had a big seller putting up 100K blocks after every uptick. If I had to guess, this is a retail seller. I hope he sells them all at this level.
What I find fascinating is none of these schmucks will sell their stock above .15 but at .06 they’re selling like mad. Can never figure out how any make any money out here.
Why would anyone want to buy this right now? This will bounce at .03...I hope. It's down 10 of the last 13 days. Chart tells me .03 as folks run for the exits.