Why do we need an off take
Most OTA 's now are benchmarked to market prices so nothing is locked in other the the length of the contract, like our Spot sales it continuously changes , with the funding requirements coming up, which is not only a Carbonate plant but a concentrator at Moblan, an OTA will eventually be a requirement for funding especially for borrowing but quite likely for Govt grants as well.
Having said that there is no urgency or possibly no requirement for an OTA for our unallocated concentrate at NAL but its very unlikely they will commit to a Carbonate refinery without an offtake for most if not all of Carbonate in place IMO and that may well include our unallocated concentrate as part of a package. In the end the Spot price is really just the market price on the day for immediate delivery so will vary a lot. OTA's tend to smooth prices out but still relate to market prices.
We were fortunate to be able to self fund a mine and a concentrator ( the price being dilution) but now as we head towards serious spending other forms of finance and help will be required, cash flow alone won't be enough...
Cheers Whisky
- Forums
- ASX - By Stock
- SYA
- General Discussion Topics
General Discussion Topics, page-114762
-
- There are more pages in this discussion • 29,330 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYA (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $319.0M |
Open | High | Low | Value | Volume |
3.0¢ | 3.3¢ | 3.0¢ | $3.971M | 128.5M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 15697465 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 594033 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 9314154 | 0.030 |
29 | 6131864 | 0.029 |
30 | 9171157 | 0.028 |
18 | 4728772 | 0.027 |
20 | 5092438 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 350700 | 1 |
0.033 | 4135402 | 23 |
0.034 | 5878411 | 20 |
0.035 | 2904820 | 17 |
0.036 | 2397321 | 8 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |