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.
VOTE NO AGM 2023 RESOLUTION 1-5...... NO, page-1342
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Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.3¢ | 3.1¢ | $930.1K | 29.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 7440600 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 7151550 | 9 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| SYA (ASX) Chart |