The only chart of any relevance for SYA is the one that starts today and finishes when one eventually sells , everything preceeding today is history and what lies ahead unknown.
Its easy to overthink something simple, we need need to be selling our Spodumene above the cost to produce it before cash runs out and no chart in the world will change that. Management are doing their bit on the cost front.
As MergeCo the existing cash from the combined entities by completion was expected to be $A155m, with another $A69m added at completion and another $A22m if the share purchase plan goes ahead, making a maximum of $A246m with completion expected around June/july. What spodumene prices do going forward will dictates the shape of any chart going forward but we will have a good cash buffer to find out.
Cheers Whisky
SYA Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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