G, I am just going off the guidance laid out in the 2017 annual report page 59, declaration of commercial production and the parameters for such declaration.
Yes you are right, it is not written on paper yet, the December quarterly due on 31st January will give an update on this. I am expecting they will say the "1st quarter of 2019 will be cash flow positive from Balama operations", hence my statement about profits above DYOR. Then, if you wish, wait til 31st April to see the hard figures.
My point is, on this charting thread, the technical indicators are already pointing to this scenario. Moving averages/MACD are pointing up and there is a historical pattern with SYR which demonstrates when this happens the SP appreciates significantly. This time round the appreciation in SP hopefully will not have a cap raise to take the air out of it. (fingers crossed)
IMO
GLTAH
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $217.3M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.8¢ | $633.6K | 3.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 92948 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 312293 | 20 |
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| Last trade - 13.31pm 09/09/2024 (20 minute delay) ? |
| SYR (ASX) Chart |