Agree @Trentp .The reason SYR is being beaten down is the current short term hiccup only affects producers. The rest won't be producing for years when this problem will be a distant memory.
The main problem SYR has is management was hoping Balama would help fund the 45kt expansion. With the loss of 3-6 months of expected revenue, they now have to find alternate funding sources in which management is currently doing.
The aim is getting Vidalia to 45kt and having a similar size plant in Europe. This will make Balama cost productive making any sales to the Chinese the cream over and above the profits from both AAM plants.
Ann: March 2023 Quarterly Activities Presentation, page-57
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Last
32.5¢ |
Change
0.010(3.17%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $1.380M | 4.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 126793 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 209602 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |