In a very weak Lithium sector overall, it looks as though one of more of the 4 SB price drivers are coming to fruition.
The most likely seemingly being buying due to positive discussions / outcomes with Chinese converters.
I almost bought a Lithium stock once at 3 cents but went another way instead. That stock nailed a ice off-take deal and project financing and went to 30 cents within months.
I see no reason why SYA couldn't get to 20 cents quite quickly with a few key milestones (which could all happen within 6-8 weeks);
1. Positive DFS numbers showing a highly profitable Authier operation
2. Binding off-take agreement
3. Possibly separate or part of number 2 - project financing
4. A pathway for environmental approval and development
AS SB and others have said, even one of the above could give the SP a little re-rating. More than one could be massive. And I haven't even included possible drill results from WA which is a wild card but could also be significant.
Good luck holders - I'm keen to hold for a very long time to see some or all of this potential realised.
SYA Chart 2.0, page-77
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $319.0M |
Open | High | Low | Value | Volume |
3.1¢ | 3.3¢ | 3.1¢ | $657.2K | 20.80M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 4663949 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 2145533 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 4483272 | 0.031 |
82 | 23437266 | 0.030 |
49 | 7838879 | 0.029 |
38 | 3732021 | 0.028 |
16 | 2850668 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 1944421 | 5 |
0.033 | 3890334 | 16 |
0.034 | 4889612 | 28 |
0.035 | 9624247 | 35 |
0.036 | 4718584 | 28 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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SYA (ASX) Chart |