"The PLL deal that we are clearly stuck with until 2027 at the earliest is appalling." This was written black and white in the OT term sheet.
It is astounding holders thought otherwise.
SYA will trade at 4.5c to 5.5c (dependent on spot) but SP will increase when spot moves above above $2000 USD again.
Until 2027 SYA is 110,000 name plate (225,000 - 115,000 PLL) and likely only produce 65,000 (180,000 -115,000) tons.
I called for Brett's head when the CR wasn't done at at 30c and sold most of shares. Its all in my post history, I do concede I messed up my calculations buying back 250,000 at 15.5c and another 250,000 at 14.5c but that was because I didnt understand how bad the EV market in China is.
Dont get fooled by BYD/NIO/Li selling little 5% to 15% more EV in 2022 than 2021 and having record sales. All of them were projecting 50% to 75% increase in sales in 2022.
Beating 2021 sales but missing 2022 target has huge implications. Refineries bought enough lithium concentrate in 2022/early 2023 to meet forecast by EV makers but when they missed their target by 80% all the refineries are left with HUGE stockpiles of Lithium conentrates hence dirth of buying. Its not a conspriracy of Chinese to lower spot. Refineries who bought a mountain of concentrate for potential orders have mountain of concentrate in thier warehouses!
Good luck holders I still have plenty of SYA will hit 7 digits if sya share prices reach 4.5c (250,000 buy order) and 5.5c (250,000 buy order)
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $288.2M |
Open | High | Low | Value | Volume |
2.8¢ | 2.9¢ | 2.7¢ | $287.5K | 10.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 6973665 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 4004549 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 6937065 | 0.027 |
43 | 9006029 | 0.026 |
50 | 5327293 | 0.025 |
18 | 7159481 | 0.024 |
5 | 5343478 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 4004549 | 10 |
0.029 | 4152427 | 11 |
0.030 | 11044641 | 34 |
0.031 | 9296734 | 21 |
0.032 | 4446617 | 26 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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