$50m when SYA "only" have $95 million is not chump change.
I suspect SYA had no options if they wanted to acquire the asset due to when the seller wanted the money.
This makes me think the forecasted revenue is not as large as many people think, factor in the pll OT structure (split from first shipment how is it split), plus ramp up, closure for refinement etc in 23/24 and the other OT is not likely to be at spot and finally first year we are not getting anyway near nameplate... No one does that.
When you consider we are diluting by 3% to 4% for $50m USD especially considering this is only 8,300 tons of SC6 if spot was $6000usd
SYA Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)