It's hardly surprising that an asset that sent two previous operators to the wall is undergoing a strategic review, "to conserve cash in this current operating environment". That last statement is wild - yes, lithium prices are off a massive spike, but are still historically well above most operator's cost base, and way above the 2019-20 lows. The issues outlined on page 2 plaguing the NAL operations don't sound like they'll be resolved quickly. And somehow, the market bids this up 5%... you've just gotta love lithium investors!
Ann: Strategic Review and Operational Update, page-61
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Last
3.3¢ |
Change
-0.002(4.41%) |
Mkt cap ! $334.5M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.2¢ | $831.7K | 24.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 5449963 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 3562222 | 19 |
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| Last trade - 15.33pm 03/10/2024 (20 minute delay) ? |
| SYA (ASX) Chart |