General Discussion Topics, page-141890

@Rota16

No offense but your sentiment is exactly what’s wrong with SYA. And SYA is a good representation of everything wrong with the lithium sector - producers that thought they were going to be billion dollar companies so they keep producing product at enormous losses and dumping into China which only exacerbates the spot price weakness as well as the companies quarterly losses

”it’s not that bad, we ‘only’ lost $10m”

if SYA had gone into C&M earlier this year during strategic review it would have saved the last few quarters of $50m+ cash burn (minus any c&m costs), and would be far better placed to open back up in a few years when spod prices recover.

But with SC6 now likely to remain below SYAs unit costs for more than 12 months, all that’s going to happen is a slow spiral as cash balances get eaten up.