The figures are horrendous.....
59M cash burn
selling large sums of spod at a loss.
big sums of cash burn on capital expenses.
opex anticipated to be higher even though its higher already on the 2 previous quarters:
"These higher waste rock transport costs are expected to persist into the 2025 fiscal year"
So we are going to continue ramp up on the basis of a "potential" reversal of spodumene price. Thats a pretty big gamble with investor capital to make......
No plan for C&M from the operational review which determined full steam ahead. Did they substantiate that lithium price will increase??? Or are they just rolling the dice with our hard earned......
Current chinese spod price $1135 USD, this is about $1,738 AUD.
And our cost price: A$1,536/dmt (US$1,008/dmt) which excludes freight costs.
I will not put a single dollar more in this stock until I see some capital growth and will be on this forum much less with other better performing stock opportunities available. Stock has been put in bottom draw as its significantly underperforming.
Just my 2 cents. cheers.
The figures are horrendous.....59M cash burnselling large sums...
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Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $432.3M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.1¢ | $1.422M | 33.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 446998 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 5888258 | 20 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
4.3¢ |
Change
-0.001 ( 1.62 %) |
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| Open | High | Low | Volume | ||
| 4.2¢ | 4.3¢ | 4.1¢ | 22039027 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| SYA (ASX) Chart |