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….and this is accompanied with higher prices for spodumene, carbonate and hydroxide.
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/090821-lithium-hydroxide-reaches-new-record-high-on-rising-lithium-carbonate-prices
I think that Sayona may be able to start producing earlier than the 2023 they announced, but it is good that they play it conservatively. Perfect timing!
The rest of my GTC buy order from yesterday filled this morning, so I added another 40k shares. My average stands at around the mid $0.06s, which is not too bad considering I started buying a few months ago. I may still buy a couple more batches if I see other dips.
LONG SYAXF, OROCF & LAC!
No kidding, I bought a few at the start of the session at $0.112, but my order only filled partially. It is a GTC order, but I very much doubt it will fill at this price. This thing is resilient and keeps going up with no news.
First big jump in SP since the merger. First of many….
It looks that way by today’s action in Australia. I thought it would drop, but it is remarkable how the SP is holding and even increasing with no news as there is demand for the stock. If we get more solid news, we will get above $0.13 very soon. If it does dip, I will simply buy more as I am still in accumulation mode.
Boom!
It looks like Sayona may need to take a short breather. It is totally understandable after a phenomenal run in which it more than tripled over the past 3 months. I would not be surprised to see the $0.1s or a bit less with lower volumes in the next few days. However, any positive news will immediately get it going again (e.g., Novonix, offtake/private partner, BAPE). I am getting ready to buy again and I expect that the window of opportunity will be short. I have traded it successfully once before, but I do not plan to do it now as it is risky. It is much safer and profitable to keep accumulating on dips. Sayona is one of a kind!
I added another 20k shares to my stash today. I left $5k aside for the next couple of weeks in case it dips further, but I doubt it will.
Sayona long!
I also welcome the change in ticker symbol and new market. A dip this week would not surprise me due to the recent issuance of shares. I would use it to keep adding, but this thing will going nowhere but up long term.
SYAXF LONG!
Very good points. I am playing very similarly as you. I am in for the long haul and well in the green, but I also sold a nice portion last week for risk management, and for a possible opportunity to buy lower.
I ended up selling a chunk this week. I believe that the company will prevail in the long run, but I also agree that the current situation may cause a further drop in the SP. I prefer to put some money aside and will decide whether to buy lower or put it in a different investment. I still kept a healthy core position for now at an average of around $15, so still green. Let’s hope for a prompt resolution, which may involve Rivers’ resignation unless she is clean.
I bought another 30k shares at $0.091 this morning, and I will be ready to buy more if we get another dip next week.
Great for you! I added another 20k shares at $0.096, and plan to buy more on future dips.
LONG SAYONA!
Fully agree, thank you for your post.
Yeah, but let’s first hope for a good quarterly next week….
I also appreciate your posts about the situation, as well those from suprfrk, cabostacos, Ranger, Funman, and others. I enjoy reading this Board, even though I do not participate much in it. I do see the court decision as a real issue that needs to be considered. At the same time, I also see it as a temporary problem, as I believe that the company will prevail in the long term with or without Kim Rivers. I fully understand making moves in the short term to play the current news, because this may offer good opportunities to play the stock. I am considering my own. Nevertheless, my overall feeling is that TCNNF remains an excellent long term investment, because it is a jewel in the sector with real profitability, execution, excellent expansion plans and the prospect of benefiting from legalization, eventually…. I have owned the stock since late 2019 and my average is around $15. I have periodically bought and sold chunks of my holdings to take advantages of opportunities and swings trades, while always keeping a healthy core position. The unfortunate news do get my attention, but I will remain calm and will continue with my long term strategy with minor tweaks here and there.
GLTAH!
No kidding, LOL!
I am equally amazed with the volume in Australia. We are approaching 150M shares with still more than half of the session to go. The last time 200M shares traded was back in March, and we should easily get there today. We could even approach 300M, which is not far from the record of about 400M shares. I am sure that we will soon see another over 10M volume for DMNXF.
Lots of interest in Sayona!
Disappointed but not surprised about the lack of reaction after the announcement. Not worried, as it will bounce eventually….
We could see the $0.1s US tomorrow, outstanding!
The lithium sector has been sizzling lately a with Sayona leading the gains, outstanding!
I added a few more prior to the ER.
Misiu, I hope that your son will recover soon.
Great action today. A bit more of this and we will be at a higher support level, where we may not see the $0.05s or $0.06s again. I have been buying and will continue doing so.
Congrats to all holders!
I can’t wait for the next earning report. It will put things in proper perspective and will show that Trulieve is top in the sector. We will get the turnaround we expect.
The future is coming….
Thank you for sharing!
Excellent news! This is what really matters.
Thanks!
I agree that it is not the time to change things.
I am pleased with the report and the nice rebound in SP. It will continue to get better from here.
Excellent news; thanks for sharing!
I wish it was as easy as bathing a gorilla,, but I found this useful video.…
LOL
https://www.outdoorhub.com/news/2017/06/23/must-see-video-gorilla-goes-full-footloose-dancing-maniac-bath/
Kidding aside, the BAPE is an environmental impact report that is required for Authier. The company did not do a good job with it a few years ago and got strong opposition from the local tribes and environmental organizations. However, the company learned from its mistakes and started doing a much better job by addressing issues and engaging with the community. I feel confident that the permit will be granted soon. In the meantime, the company can start producing from NAL, which is not as good a resource as Authier, but it is fully permitted. The report below mentions a bit about BAPE.
https://sayonamining.com.au/authier-project/
I think that we are in good hands with Lynch and his team. I loved how he explained Sayona’s excellent position using simple terms. We will become a spodumene/carbonate producer by next year, and eventually a hydroxide producer. NAL has helped expedite the road to production by several years, which provides perfect timing for the high demand for lithium. Our three plants in Quebec and the Li/Au resources in Australia will eventually re-rate Sayona’s SP to much higher levels and will reward the longs. I also hope that we will get good news from BAPE soon.
Thank you for sharing!
Agree Evil Rabbit. I liked the active involvement by Drs. Recknor and Kelly, which helps control NP.
Cytodyn will reward the patient.
Thank you misiu. I still have my shares; quite an amazing drug for being just salty water!
Yep, the investors appear to like it as SYA’s SP is at $0.096A on heavy volume, which is well above the CR price of $0.075A. So far, so good!
Yep, I would not be surprised if we get to those levels within a year or two.
I am not very good at predictions, but I agree with comments I have read that this could be a $0.5 to $1 stock in a few years. There will be bumps ahead, but I think it will get there. The main hurdle after the CR will be getting the BAPE and starting production, which I trust will happen soon. There are so many good things coming both in Canada and Australia that makes this stock a 5 year minimum hold or longer. I don’t plan to sell much of this one for a while.
The CR announcement provides opportunities to buy cheap shares. I bought earlier today and plan to buy a few more batches as the news continue to develop.
I plan to vote against the 13d as well.
Outstanding news and congratulations to all here!
Thank you!