Correct. The table below is from Cyclops Trader on Twitter.
We aren't even halfway through the quarter and SC6 is already at $865/t (and falling) which makes SYA's SC5.3 ~ $730/t as @ today (and this is before you consider that SYA always sells its spod for significant discounts to the average spot price - see last two quarters).
Assuming prices continue to fall towards SC6 - $800/t, this would have SYA's SC5.3 @ ~$690/t (again, this is before we factor in a discount for SYA's poor selling prices).
The size of the loss for this quarter could be carnage (although SYA will benefit from the warmer weather this quarter - positive likely impact on cost).
It's hard to imagine the company will still be operating NAL by the end of September.
General Discussion Topics, page-142207
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2.6¢ |
Change
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Mkt cap ! $277.9M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $156.0K | 5.723M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 9645312 | 2.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 2559076 | 23 |
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