Essentially for the rest of this year we expect to see a variety of announcements confirming contracts for both Balama and Vidalia. These will for the most part not be realised into receipts until 2025 onwards. These announcements will support the SP. The cash burn is expected by SV to reduce significantly and much of that is due to reduced activities. We will very likely not see greatly enhanced changes in volume in next two quarters. Investors and holders need to be looking at this not turning profitable until 2025 onwards. SP could go anywhere before then. Announcements push it up, then low sales for next two quarters but with greatly reduced cost push the SP down. I will look to buy in the dips. I am looking at SYR to provide a significant injection towards my future retirement in 2027 when it peaks. The black swan is a trade war prior which has a very high probability. I think there is about a 50/50 chance that happens and if it does SYR positive position is achieved much faster.
SYR Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
(20min delay)