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ELV - Elevra Lithium

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Big day for Sayona based off announcement and lifting of trade halt.

It has been suggested to me that this stock is a keeper, a bottom drawer stock.
With its connection to and investment by Piedmont now, the bottom drawer is open and willing.

11 January 2021
PIEDMONT LITHIUM INVESTS IN SAYONA; PARTNERSHIP TO BOOST QUÉBEC PROJECTS

Highlights

• Leading U.S.‐based lithium corporation, Piedmont Lithium (ASX PLL; Nasdaq PLL) to invest up to US$12 million (A$15.5M) to become strategic investor and major offtake partner in Sayona, acquiring 19.9% of Sayona Mining and 25% of Sayona Québec

• Binding offtake agreement for acquisition of up to 60,000 tonnes per annum (tpa) of spodumene
concentrate from Sayona Québec to supply Piedmont Lithium Project in North Carolina

• Partnership demonstrates quality of Québec assets and Sayona’s vision of creating lithium hub in
Abitibi, supplying North American and international battery markets.

 
I do know that if I was buying "barcodes". I'd be risking a little to gain a lot, so selling for a short term gain (even if it's +100%) is against the strategy. These are the ones to store in the "bottom draw" not the losers.

If someone bought SYA at the low price (~0.01) hoping for a miracle then why sell at the first "pop"? The odds of buying "barcodes" and getting into something substantial is extremely low. You'd need a huge pay day to make it worthwhile so why sell so soon?

Most people keep their losers in the "bottom drawer" hoping for a miracle turnaround that rarely happens. I suggested that now that SYA has shown some demand this is a better candidate for the "bottom drawer" than the usual suspects. IF SYA falls back to 0.01. Nothing lost. If it continues to attract buyers then holding on is the better course of action. The best course of action is adding to the initial position but I'm loath to mention this in case it gets taken out of context. I'm not recommending buying more.

I have no opinions about the SYA news and their "story".
 
Lost a bit of cash on this little battler way back, and have not been watching closely enough since to play catch up.

Another tidy bounce today off the recent retracement lows ... Missed again, but cant watch them all.

Always thought the Stock had a future. Should have paid more attention.

 
Yeah, I looked at it a few days ago also and should have bought.
I had noticed PLL (now a symbiotic daddy of Sayona) had gone up after the solid market retracing/ correction, and also noticed Sayona hadn't followed yet....
Also PLL recently made it into the SP/ASX300 or something, I believe, forget which. (Perhaps the all ordinaries?) I'm sure @peter2 would know as PLL is his baby.
Cheers.
 

PLL has been added to the ASX300 effective as of 22 March
 
I haven't been following SYA lately, but a quick search shows the writing was on the wall for another CR

Last Quarterly (End of January) they had about $2.5 million in cash left in the kitty

Then the below Announcement in blue (18th March and the recent Price spike) indicated

They had committed at least $1.65 million to the upcoming drill campaign.

They were going to need more cash sooner than later.

Given the SP is up 400% in the last 3 months, I think they are still looking ok even with the CR.

My guess for the CR price is 034. (DNH)


A C$1.6 million (A$1.65 million) work program has been committed for Tansim, comprising a Phase One 5,000m drill program, followed, if warranted, by a Phase Two work program to include a mineralogical study, metallurgical testwork and a Mineral Resource estimate.
 
SYA might get a bit of a leg up if it's bid for North American Lithium is successful. The bids effectively closed April 30th and maybe a decision will be given in May. NAL has a lithium mine and concentrator located in Abitibi, near the established mining district of Val d’Or, Québec and in proximity to Sayona’s flagship Authier Lithium Project.
 
In a trading halt today - pending announcement relating to their bid for NAL...

Nothing listed on the administrators website, except for a request + grant for more time. Hopefully good news for shareholders...
 
Well they won the bid, subject to Court approval plus the usual regulatory conditions.

Bit of bump in the share price this morning, but has fallen back now. See how it goes for the rest of the day.
 
Last Thursday would have been the day to enter this trade. SYA punched through resistance at 5c and finished near its highs. Since then it's been higher lows and higher highs.

Nice positive announcement this morning that the company has committed $2 million to its exploration budget for calendar 2021 with a focus on the drill testing of discrete magnetic anomalies at Mt Dove and Deep Well project.

SYA has been one of the standout resource stocks of 2021 so far. It wouldn't surprise me to see it well over 10c by year's end if all goes well.

 
barney said:
Lost a bit of cash on this little battler way back, and have not been watching closely enough since to play catch up.

Always thought the Stock had a future. Should have paid more attention.
Click to expand...

Agree @greggles SYA has turned it on since the start of the year.

Given I used to own it, it has turned into one of those coulda shoulda woulda Stocks for me. Bugger .... and move on as they say
 
barney said:
Agree @greggles SYA has turned it on since the start of the year.

Given I used to own it, it has turned into one of those coulda shoulda woulda Stocks for me. Bugger .... and move on as they say
Click to expand...

We all have 'em @barney. Those stocks we shoulda hung onto longer. But you can't look back in life, only forward. Opportunities always go begging, but there are always new ones on the horizon too.

I see it's come off 7.5% today. Who knows, you might get another opportunity to trade this one for a profit.
 
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