SYA 0.00% 3.9¢ sayona mining limited

What's not to get. They're .not going to be bid up on the last...

  1. 12,826 Posts.
    lightbulb Created with Sketch. 15617
    What's not to get. They're .not going to be bid up on the last day of trading.

    Because ....those peoples as has been said , or Investors are going to be more reserved in the obvious fact of NOT knowing what ' peoples ' will do with them one they resume trading.

    So as a result , the market is not prepared to pay up for this risk of them being dumped for a quick profit when the new shares commence trading on the 28th April .

    If anything , I will expect the BIG pump to come tomorrow or the day after on equally BIG volumes being traded in the heads , and ahead of those new shares coming on line.

    Of course if there were to be an extension of the offer at the ' Discretion ' of the broker , the trading and bidding up might be a whole different story. However , I'm not sure that will happen now at this late stage in the prospectus timetable.

    Again though , I would refer you all to the last similar rights issue back in late 2017 when the SP behaved much in the same manner , and it wasn't until 1 week after in early Nov 2017, and then 5 weeks after at the end of Nov when the SP really started to stack on momentum in the 100's of percentage point gains. Gonna have to wait unfortunately.

 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
3.9¢
Change
0.000(0.00%)
Mkt cap ! $401.4M
Open High Low Value Volume
3.9¢ 3.9¢ 3.8¢ $1.590M 40.96M

Buyers (Bids)

No. Vol. Price($)
99 19196627 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.9¢ 1522633 7
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
3.9¢
  Change
0.000 ( 3.77 %)
Open High Low Volume
3.9¢ 4.0¢ 3.8¢ 24266959
Last updated 15.59pm 28/03/2024 ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.