Although I agree that the board is part of the problem, and of course the fall in lithium prices, I am convinced that the main issue with SYA (and I hav mentioned this in the past) IS THE OFFTAKE with PLL. Any company that is selling 50% of its production below all in costs is doomed to fail.
Unless they can somehow break or renogotiate that agreement, or somehow reduce production cost by close to 40%, it’s going to be curtains shortly.
The person/s who should be blamed here is the person/s who formulated and approved this one-sided agreement. Absolutely shocking and makes zero commercial sense except maybe desperation.
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3.3¢ |
Change
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
54 | 8586024 | 3.3¢ |
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Price($) | Vol. | No. |
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3.4¢ | 4895809 | 11 |
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54 | 8586024 | 0.033 |
136 | 29991160 | 0.032 |
49 | 22870313 | 0.031 |
98 | 20808799 | 0.030 |
23 | 5131289 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 4895809 | 11 |
0.035 | 8609808 | 30 |
0.036 | 6115026 | 18 |
0.037 | 2653301 | 15 |
0.038 | 5117344 | 22 |
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