A 20% CR discount is highly likely (or a couple of pips worse).
The shorts have an obvious incentive to take up some of it, but who else wants to buy into a high cost company which currently runs at already significant losses, at the same time as SC6 and chemical pricing is going through the floor?
PLL and SYA need to go under to start sending signals to China that these spot prices aren't sustainable.
A 20% CR discount is highly likely (or a couple of pips worse)....
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.4¢ | $1.190M | 34.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 12836986 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 2436426 | 11 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| SYA (ASX) Chart |