Absolutely, it will survive. Unless that PLL deal sees them spending cash to supply spod at a loss. That's my main concern.
SYA is a high cost producer compared to ALB, PLS, AKE etc. That means we are the canary in the coal mine, the first to drop back into C & M.
The Chinese government may be propping up loss-making lepidolite operations as an act of stimulus. The main goal appears to be pushing the price relentlessly down at any cost.
If the sector goes to crap again, mines won't be built, expansions will get paused. Where would SYA be if it goes C&M, 2 cents? My loss is already large, just weighing up whether to sell now or wait through 12-18 months of massive pain.
So much for the lithium bulls.
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2.6¢ |
Change
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Mkt cap ! $267.6M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
10 | 2045173 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.7¢ | 10890743 | 33 |
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32 | 9073464 | 0.025 |
31 | 10854714 | 0.024 |
26 | 5596869 | 0.023 |
23 | 5730236 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 8340743 | 30 |
0.028 | 4227348 | 14 |
0.029 | 3858602 | 19 |
0.030 | 8752601 | 29 |
0.031 | 6474299 | 12 |
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