General Discussion Topics, page-136589

Think its already been pointed out but werent a lot of those sales for delivery in Dec 2024 so over 6 months away? So effectively they are hedging risk with a reasonable sale price at a future date and not justifying a higher commanded price in the short term.

PLS share price Jan 2024 - 3.27
PLS share price Now - 3.93

LTR share price Jan 2024 - 0.91
LTR share price Now - 1.36

PLL share price Jan 2024 - 0.27
PLL share price Now - 0.21

INR share price Jan 2024 - 0.11
INR share price Now - 0.20

CXO share price Jan 2024 - 0.19
CXO share price Now - 0.16

SYA share price Jan 2024 - 0.04
SYA share price Now - 0.04

With the exception of PLL due to obvious cash flow issues and cash commitments. An CXO who has entered C&M and produces at far higher unit price all other Li stocks above have seen gains except SYA.

I might add that this is on the back of a reasonable dfs drop on Moblan & C&M avoidance announced to market.

Conclusion is SYA is being held at 4c ish by the shorters buying back in to close positions via margin calls from big instos then selling out to close out their position after SYA exiting ASX 200. Seems like the most rational scenario that I have pointed out previously.

IMO SYA wont see any proper traction until after 30th June 2024. This traction will also only occur on the back of continuing spod price increases, a buffered March 24 QTRly and a better than expected June 24 QTRly.

All IMO and based off general market charting, lets see what the future brings.