Our number 1 priority is NAL remaining viable and managing cash balance atm. Moblan as great as it sounds, simply has to wait. Without the first being done we simply wont be around for the second. An spod prices are still on the decline atm getting to below breakeven for even our operations. People keep saying C&M but reality is we have 150M in the bank with a breakeven or just below breakeven project atm. So its up to management to assess the situation and see if efficiencies can be improved further to run at a lower opex or if not they may need to look heavily at the market and see if they opt to run at a loss for a short period of time. Again how long for an at what sort of loss margin will all need to be weighed into the equation. But they would need to have a target date and if that falls through C&M needs to come into play.
Interesting also the Shorting Thursday dropped down by 0.15% I expected it to fall more considering the rise Wed-Friday. Perhaps it occurred more on the Friday? Either that or we simply had some influx off bullish investors that triggered some short cover.
Reassessment says perhaps our drop will only be down to 9% after factoring in Mondays trade.
Side note, does anyone know what our resistance needs to hold at to ensure we dont turn bearish after today?
Thanks in advance & hold strong friends!
SYA Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
(20min delay)