They could be trying to facilitate the entry of a much larger player via purposely allowing the price to falter whilst that player builds a position on the register before a deal is announced.
You make it sound like a CEO of a very small mining company has some power over the market. Some institutions involved in shorting are bigger than small countries and if they want to achieve something they usually do. Strange as it may seem to some here but CEO's don't spend their day trying to lower the price of the shares to help a bigger player, a bigger player doesn't need their help.
The CEO's and BOD's first priority is to keep the company solvent and thats exactly what they have done and are still doing along with help from a strengthening Spod price.
Without a profitable mining operation the company has nothing and we have people in charge that understand mining as well as anyone but spod prices are out of their control.
We had a good result with the review update and the price has since been trashed, what makes you think more updates will change that , it's well out of any individuals or companies ability to control.
We have a quarterly coming up and that updates all projects, who knows how the market will react to it as it's backward looking but they wouldn't be proceeding with the full ramp up if it put the company at unessessary risk.
Cheers Whisky
- Forums
- ASX - By Stock
- SYA
- General Discussion Topics
General Discussion Topics, page-137040
-
- There are more pages in this discussion • 7,117 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
3.5¢ |
Change
0.004(12.9%) |
Mkt cap ! $360.2M |
Open | High | Low | Value | Volume |
3.2¢ | 3.7¢ | 3.2¢ | $3.583M | 104.2M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 5222047 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 3114773 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 5222047 | 0.035 |
27 | 15134780 | 0.034 |
26 | 7161292 | 0.033 |
30 | 10087485 | 0.032 |
31 | 9500991 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 3114773 | 17 |
0.037 | 5051036 | 20 |
0.038 | 7409477 | 15 |
0.039 | 4257398 | 22 |
0.040 | 6815496 | 25 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |