I'm optimistic there won't be another CR for a while ... well purely to keep the lights on anyway ( vidilia FID might be a different story) The march CR was smart to keep money in the bank and to funding balama awaiting 150m loan from DFC for 'working and operating capital ' of the mine. 2024 is set to be a disastrous year for battery minerals however if we can secure this loan we are set for early 2027 where the story begins . this is the biggest patience / and hold investment and also very much dependent on a lot of favourable market conditions toward NG.
when the loan lands pile in and wait ! don't forget SYR have had 7 years practice with an operating NG mine .. got to count for something in the market when looking for supply.
SYR Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
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